What is PSD3 and why should we (very) take it into account?

Juliana Muñoz

Juliana Muñoz

The Payment Services Directive 3 (PSD3) is a European legislation that seeks to regulate payment services and improve consumer protection in the field of electronic financial transactions. This directive is the evolution of PSD2 and brings with it new requirements and responsibilities for both payment service providers and end users.

What is the goal of PSD3?

The main goal of PSD3 is to adapt the regulation to technological changes and keep security in payment services up to date. As the use of digital payment services has increased, so have concerns regarding the protection of personal data, fraud prevention and the fight against money laundering.

PSD3 introduces additional measures to ensure greater security and protection in financial transactions. These measures include:

  • Strong Customer Authentication (SCA): Double authentication is required to ensure user identity before making a financial transaction.
  • Mandatory registration of payment service providers: the obligation for payment service providers to register and comply with the established security requirements is established.
  • Greater consumer protection: the rights and protections of end users are reinforced, including greater transparency in the conditions of payment services and dispute resolution.

Why should we take PSD3 into account?

It is essential for companies and end users to be aware of the changes and requirements established by PSD3 for several reasons:

1. Compliance with the law

PSD3 is a mandatory directive for all payment service providers and end users within the European Union. Not complying with the requirements of the directive can lead to sanctions and legal problems.

2. Protection of personal data

PSD3 includes measures to ensure the protection of personal data in financial transactions. It is important that companies adapt their systems and processes to meet established privacy and security requirements.

3. Fraud prevention

Strong Customer Authentication (SCA) seeks to reduce the possibility of fraud in financial transactions. Companies must implement the necessary measures to comply with this requirement and protect their end users against possible attacks or identity theft.

4. User experience

Although it may seem contradictory, PSD3 also seeks to improve the user experience in payment services. By establishing stricter security measures, the aim is to increase user confidence and encourage the use of digital payment services.


PSD3 is a directive that seeks to improve security and protection in payment services. Both payment service providers and end users must be prepared to adapt to new requirements and ensure compliance with the law. It is critical for businesses and end users to learn and take the necessary steps to comply with PSD3 and ensure safe and secure financial transactions.

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