The European Commission published on July 23rd a set of clarifications to the Regulation on Instant Payments within the Payment Services Directive (PSD). This step is essential for European alignment. The document can be accessed at this link.
We remind you that the deadline for implementing the Regulation on Instant Payments at the level of the Member States is January 9, 2025. Currently, the banks in Romania that have adopted instant payments through open banking are BCR, BRD, ING, Libra Bank, CEC Bank, and Revolution.
Financial institutions and payment service providers must be aware of these clarifications to comply with European regulations and bring customers the latest convenience in payment services.
For more information about open banking instant payments or the SmartPay payment service, please contact us.
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