Faster payments based on the new payment initiation service

One of the EU’s objectives with PSD2 is to open up the financial market to new players with innovative and competitive services. Third-Party Providers (TPPs) can access consumers’ bank accounts with the account owner’s consent and offer new innovative payment services based on SEPA credit transfer.

Read this brochure for more details of this new faster payments method, the resulting user experience as well as the benefits for consumers, merchants and payment service providers.