{"id":842,"date":"2023-07-27T16:20:00","date_gmt":"2023-07-27T14:20:00","guid":{"rendered":"https:\/\/www.betaalvereniging.nl\/en\/?p=842"},"modified":"2026-08-06T16:38:17","modified_gmt":"2026-08-06T14:38:17","slug":"eu-payment-services-legislation-revised-expanded","status":"publish","type":"post","link":"https:\/\/www.betaalvereniging.nl\/en\/news\/eu-payment-services-legislation-revised-expanded\/","title":{"rendered":"EU payment services legislation revised and expanded"},"content":{"rendered":"\n<p class=\"has-intro-font-size wp-block-paragraph\">On 28 June, the European Commission proposed a package of new payment services legislation following an extensive review of the current Payment Services Directive (PSD2). The Commission describes the package as \u201can evolution rather than a revolution\u201d. Compared with PSD2, the main changes concern consumer protection and <a href=\"https:\/\/www.betaalvereniging.nl\/en\/knowledge-base\/european-legislation\/open-banking\/\"><em>Open Banking<\/em><\/a>.<\/p>\n\n\n<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"851\" height=\"564\" src=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/08\/europese_vlag.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Waving flag of the European Union with yellow stars on a blue background, symbolizing European cooperation and regulation.\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/08\/europese_vlag.jpg 851w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/08\/europese_vlag-300x199.jpg 300w, https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/08\/europese_vlag-768x509.jpg 768w\" sizes=\"auto, (max-width: 851px) 100vw, 851px\" \/><\/figure>\n\n\n<p class=\"wp-block-paragraph\">The Commission\u2019s new proposal consists of two parts: a <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:52023PC0366\">revised Payment Services Directive <span class=\"icon inline-block ml-1 w-[0.875em]\" aria-hidden=\"true\"><svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"32\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M228,104a12,12,0,0,1-24,0V69l-59.51,59.51a12,12,0,0,1-17-17L187,52H152a12,12,0,0,1,0-24h64a12,12,0,0,1,12,12Zm-44,24a12,12,0,0,0-12,12v64H52V84h64a12,12,0,0,0,0-24H48A20,20,0,0,0,28,80V208a20,20,0,0,0,20,20H176a20,20,0,0,0,20-20V140A12,12,0,0,0,184,128Z\"><\/path><\/svg><\/span><\/a> (PSD3) and an entirely new <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:52023PC0367\">Payment Services Regulation <span class=\"icon inline-block ml-1 w-[0.875em]\" aria-hidden=\"true\"><svg aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"32\" fill=\"#000000\" viewBox=\"0 0 256 256\"><path d=\"M228,104a12,12,0,0,1-24,0V69l-59.51,59.51a12,12,0,0,1-17-17L187,52H152a12,12,0,0,1,0-24h64a12,12,0,0,1,12,12Zm-44,24a12,12,0,0,0-12,12v64H52V84h64a12,12,0,0,0,0-24H48A20,20,0,0,0,28,80V208a20,20,0,0,0,20,20H176a20,20,0,0,0,20-20V140A12,12,0,0,0,184,128Z\"><\/path><\/svg><\/span><\/a> (PSR).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">PSD2 has led to undesirable differences between EU Member States because directives have to be transposed into national law. The European Commission has therefore chosen to put part of the new rules in a directly applicable PSR. This will promote further harmonisation of payments within the EU.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The PSD3 directive will still have to be transposed into national law by each Member State. However, it is primarily limited to requirements concerning licences, exemptions and the supervision of payment service providers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before the new proposals were published, the Dutch Payments Association and its members <a href=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/09\/Targeted-consultation-on-the-review-of-the-revised-payment-services-Directive.pdf\">responded to a European Commission consultation<\/a>. In September 2023, the Dutch Payments Association and its members will respond to the current Commission proposals through the <em>Payment Services Regulation Taskforce<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The proposals must first be approved by the European Parliament and the Council of the European Union. This process may take several years. Payment service providers will then have 18 months to comply with the new legislation and regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Commission has proposed PSD3 and a new Payment Services Regulation, with changes focusing on consumer protection and Open Banking.<\/p>\n","protected":false},"author":7,"featured_media":495,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[57,20],"btv_subject_tax":[13],"class_list":["post-842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consultation","category-news","btv_subject_tax-european-legislation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Voorstel nieuwe wetgeving voor betaaldiensten uitgelegd - Dutch Payments Association<\/title>\n<meta name=\"description\" content=\"Ontdek het voorstel voor nieuwe wetgeving voor betaaldiensten en hoe het de EU-betalingssector kan verbeteren.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.betaalvereniging.nl\/en\/news\/eu-payment-services-legislation-revised-expanded\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU payment services legislation revised and expanded\" \/>\n<meta property=\"og:description\" content=\"Ontdek het voorstel voor nieuwe wetgeving voor betaaldiensten en hoe het de EU-betalingssector kan verbeteren.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.betaalvereniging.nl\/en\/news\/eu-payment-services-legislation-revised-expanded\/\" \/>\n<meta property=\"og:site_name\" content=\"Dutch Payments Association\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-27T14:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-06T14:38:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.betaalvereniging.nl\/en\/wp-content\/uploads\/sites\/4\/2025\/08\/europese_vlag.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"851\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:site\" content=\"@NLbetalen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"EU payment services legislation revised and expanded\",\"datePublished\":\"2023-07-27T14:20:00+00:00\",\"dateModified\":\"2026-08-06T14:38:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/\"},\"wordCount\":237,\"image\":{\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2025\\\/08\\\/europese_vlag.jpg\",\"articleSection\":[\"Consultation\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/\",\"url\":\"https:\\\/\\\/www.betaalvereniging.nl\\\/en\\\/news\\\/eu-payment-services-legislation-revised-expanded\\\/\",\"name\":\"Voorstel nieuwe wetgeving voor betaaldiensten uitgelegd - 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