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What is the Payment Services Directive 2 PSD2?

The Revised Payment Services Directive (PSD2, Directive (EU) 2015/2366, which replaced the Payment Services Directive (PSD), Directive 2007/64/EC) is an EU Directive that governs payment systems and service providers within the European Union (EU) and the European Economic Area (EEA) (EEA).

PSD2 is an EU directive that establishes criteria for payment service providers. It will affect banks and building societies, payment institutions, e-money institutions, and their clients.

The PSD2 was designed to promote pan-European competition and non-bank engagement in the payments business, as well as to assure equality by standardizing consumer, payment provider, and user rights and obligations. The PSD2 directive's main goals are to make the European payments market more interconnected, as well as to strengthen payment security and consumer protection.


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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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