What is PSD2? How does ir apply to ECOMMPAY and merchants?

PSD2 is the payment service directive number 2015/2366 / EU (Payment Services Directive 2) adopted by the European Parliament and Council, which terminates the first payment service directive and provides a new legal basis for the provision of payment services within the European Economic Area. The main objectives of the new Directive are to:

• promote further integration and optimisation of the European payment services market;
• ensure equal conditions for money transfer operations, including for new market participants;
• increase the security of the payment infrastructure; ensure consumer protection;
• and assist in reducing tariffs and fees for the provision of payment services. ECOMMPAY is fully compliant with PSD2.