PSD3

Payment Services Directive 3 regulation.

Definition

PSD3 is an EU directive proposal COM(2023) 366 final, published June 28, 2023, that will replace PSD2. Reinforces: fight against APP (authorised push payment) fraud, clarity on provider liabilities, fee transparency, extended openness to all FIDA fintechs. Coupled with the PSR (Payment Services Regulation) and FIDA (Financial Data Access). Expected effective 2026-2027.

Origin

Proposed by the European Commission in June 2023, in trilogue as of end 2025. Application date 18 months after adoption.

Example in context

Every fintech will be subject to a new PSR licensing regime; bank APIs will extend to investment accounts (FIDA).

Related terms

• PSD2 — current regime.