Open Banking APIs and How the New Regulatory Frameworks in Europe Can Change the Future of Payment
The payments landscape in Europe is changing as new technologies are introduced and new regulations take effect. This presentation includes an overview of unified instant SEPA direct debit payments, their effect on the market, and potential use cases. Insights on the second Payment Services Directive, PSD2, are also included, focusing on the opportunities and competition the new regulatory framework will bring. Particular attention is given to Payment Initiation and Account Information Services, also known as Access to Accounts (or XS2A), and the anticipated benefits resulting from the combination of XS2A and instant payments.