Open Banking, Payments Transformation

PSD2 disrupts the payments industry – Are you ready?

Fact sheet

New ways to pay are dramatically shaping and changing the payments industry around the world. An increasing demand from consumers for choice, including e-commerce and mobile payments, are forcing banks to move to omni-channel payment systems, in order to cope with these new, consumer-centric demands in payment methods.

In Europe, the new Payment Services Directive (PSD2) came into force in January 2018. Compliance with this new directive and competitive pressure from new players are some of the main drivers significantly reshaping the payments industry across Europe and beyond. Enhancing retail payments beyond the traditional card based payments channels becomes key to any financial services organisation.

Find out how to strengthen competitiveness and to improve the cost effectiveness of payment service offerings.

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