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Payment Services in Europe

Implementation of the Payment Services Directive in Europe

This website is operated by the law firms GSK Stockmann & Kollegen (Germany) and Nabarro (U.K.) in cooperation with other renowned European law firms.

It informs about the implementation of the Payment Services Directive ('PSD') in the EU.

The PSD provides for a regulatory framework for 'Payment Services' triggering e.g. licensing and capital requirements, but also enabling 'Payment Institutions' to passport into the EU.

It also effects contract law and execution of payments with provisions on liability, clearing and settlement, access to payment systems etc.



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