Europe Payment Regulations Update - Tranglo Europe to be Compliant to PSD2 Requirements

December 27, 2017
News

Europe, 26 Dec 2017: The Financial Conduct Authority (FCA) is set to implement new regulation updates to the Payment Services Directive. With the new changes, it aims to:

contribute to a more integrated and efficient European payments market
improve the level playing field for payment service providers
promote the development and use of innovative online and mobile payments
make payments safer and more secure
protect consumers
encourage lower prices for payments

The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018 for all existing payment service providers including banks, building societies, credit card providers, money remitters and e-money issuers. Tranglo Europe will make necessary changes to ensure compliance with PSD2 requirements to continuously provide the same effective and compliant service for all our partners and users worldwide.

More about Payment Services Directive (PSD2) Financial Conduct Authority â€“ Handbook changes

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