Tag: Credorax

PSD2 Creates Opportunity for New Wave of European PFs

Europe is undergoing a step change in banking and payment services, leveraging open API technology and new regulatory frameworks to make a historically cumbersome industry more competitive, secure and customer-friendly.

The goal? “Customer first” digital banking and Europe-wide faster payments to drive innovation and increase cross-border trade in a European B2C e-commerce market worth over 425 billion euros.

Guest Post: Britannia Waives The Rules As Brexit Makes Waves For PFs

Three months have passed since the referendum on June 23rd that set course for the UK, the EU’s second largest economy, to leave the European Union. Yet there is still considerable uncertainty on how this event will impact the payments industry and payment facilitators.

In this article, we look at the key considerations for U.S. PFs with an existing UK presence or those looking to set up a EU company to expand into European markets.