<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Payment Service Directive 2 came into force on 13th January 2018. It has replaced the prior directive and introduces new tools allowing to provide more advanced payment services. New legislation aims to increase competition and allow new entrants into the market. The thesis leads through the different aspects of the Directive, emphasizing an influence the legislation has on the companies providing modern solutions in the payment services market. The legal changes are analysed and assessed following the differences resulting from Payment Service Directive 2. For better understanding the impact of Directive, recent technological accomplishments are briefly described and explained. The overall results of the analysis are concluded on the basis of British and Polish payment services markets. The outcome reveals a contrast between these two countries in a number of new payment services providers as well as they origins. Research shows that the Polish payment services market is less accessible for non-bank financial companies.</p>
</abstract>

Payment Service Directive 2 came into force on 13th January 2018. It has replaced the prior directive and introduces new tools allowing to provide more advanced payment services. New legislation aims to increase competition and allow new entrants into the market. The thesis leads through the different aspects of the Directive, emphasizing an influence the legislation has on the companies providing modern solutions in the payment services market. The legal changes are analysed and assessed following the differences resulting from Payment Service Directive 2. For better understanding the impact of Directive, recent technological accomplishments are briefly described and explained. The overall results of the analysis are concluded on the basis of British and Polish payment services markets. The outcome reveals a contrast between these two countries in a number of new payment services providers as well as they origins. Research shows that the Polish payment services market is less accessible for non-bank financial companies.

Impact of PSD2 on The Payment Services Market – General Objectives and Evidence from Polish and UK Legal Systems

Final year student of a master's degree in law studies at Wrocław University

Faculty of Law, Administrative and Economics

Wroclaw Review of Law, Administration & Economics

This work is licensed under the Creative Commons Attribution 4.0 International License.

Payment Service Directive 2 came into force on 13th January 2018. It has replaced the prior directive and introduces new tools allowing to provide more...

Legal entities	AIS		PIS
	Number of requests	Number of granted requests	Number of requests	Number of granted requests
	Number of requests	Number of granted requests	Number of requests	Number of granted requests	Banks	11	11	11	11
Only AISPs	12	4	X	X

Impact of PSD2 on The Payment Services Market – General Objectives and Evidence from Polish and UK Legal Systems

Published Online: Oct 26, 2021

Page range: 89 - 102

DOI: https://doi.org/10.2478/wrlae-2021-0008

Keywords
PSD2, Payment Service Directive 2, payment services, account information service, payment initiation service, third-party provider

© 2021 Krystian Sadowski, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Number of AIS or PIS requests

Impact of PSD2 on The Payment Services Market – General Objectives and Evidence from Polish and UK Legal Systems

Published Online: Oct 26, 2021

Page range: 89 - 102

DOI: https://doi.org/10.2478/wrlae-2021-0008

KeywordsPSD2, Payment Service Directive 2, payment services, account information service, payment initiation service, third-party provider

© 2021 Krystian Sadowski, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Number of AIS or PIS requests

Keywords
PSD2, Payment Service Directive 2, payment services, account information service, payment initiation service, third-party provider