PSD2 Use Cases

PSD2 (Payment Services Directive 2) has a number of potential use cases [1], including providing inter-bank payment facilities and bill payments [2], analyzing the financial behavior of customers, and creating new authentication methods for online payments. It can also be used for cash pooling and foreign exchange across multiple banks [3], allowing large corporates to make payments more quickly and easily. Additionally, PSD2’s access to account (XS2A) provides opportunities for companies to offer services and products based on customers’ financial data. These services could include budgeting tools, financial advice, and personalized recommendations.

1. PSD2 & Instant Payment – Use Cases – SlimPay blog All You Need to Know About PSD2 & Open Banking PSD2: Taking advantage of open-banking disruption | McKinsey

Scroll to Top