PSD3

Payment Services Directive 3

UpcomingPayment ServicesEurope

The proposed third Payment Services Directive aims to address shortcomings of PSD2, improve API performance standards, enhance fraud prevention, and extend open banking principles. It will work alongside FIDA for broader data sharing. Use this page as a working reference when you compare banks, products, and regulatory timelines.

🌍
Jurisdiction
European Union
📅
Effective Date
2026
Jan 1, 2026
✅
Full Compliance
2027
Jun 1, 2027
🏛️
Regulator
European Banking Authority

Overview

The proposed third Payment Services Directive aims to address shortcomings of PSD2, improve API performance standards, enhance fraud prevention, and extend open banking principles. It will work alongside FIDA for broader data sharing.

Scope & Coverage

AISPISCBPIIOpen Finance

Key Requirements

1
Enhanced API performance standards
2
Improved SCA flexibility
3
Stronger fraud liability framework
4
Better IBAN-name verification

Key Notes

Expected to be adopted by 2024-2025 with implementation by 2026-2027.

Official Resources

Related Regulations

Other open banking frameworks in Europe:

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