Latest milestones in the transformation of the payment services market: final text of the RTS and the member states’ implementation of PSD2.

Key Points:

..The EC has adopted the final text of the RTS, which includes amendments on the EBA draft RTS following “back and forth” between the EC and the EBA.

..While France, Germany, Italy, and the United Kingdom have published implementing legislation for PSD2, other EU Member States — such as Spain — are lagging behind.

..Various Pan-European initiatives have emerged that aim to create and develop open, common, and standard European APIs to access customers’ accounts under PSD2, with the support of industry bodies across Europe.