PSU
GeneralPayment Services User
Definition
A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both. PSUs are the customers whose data is being accessed or whose payments are being initiated through Open Banking.
Related Terms
Frequently Asked Questions
What is Payment Services User?
A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both. PSUs are the customers whose data is being accessed or whose payments are being initiated through Open Banking.
What does PSU stand for in Open Banking?
PSU stands for Payment Services User. It is a fundamental concept in Open Banking and PSD2 regulations. A Payment Services User is a natural or legal person making use of a payment service as a payee, payer or both. PSUs are the customers whose data is being accessed or whose payments are being initiated through Open Banking.
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