IDEAS home Printed from https://ideas.repec.org/a/vrs/wrolae/v11y2021i1p89-102n3.html
   My bibliography  Save this article

Impact of PSD2 on The Payment Services Market – General Objectives and Evidence from Polish and UK Legal Systems

Author

Listed:
  • Sadowski Krystian

    (Final year student of a master's degree in law studies at Wrocław University, Faculty of Law, Administrative and Economics)

Abstract

Payment Service Directive 2 came into force on 13th January 2018. It has replaced the prior directive and introduces new tools allowing to provide more advanced payment services. New legislation aims to increase competition and allow new entrants into the market. The thesis leads through the different aspects of the Directive, emphasizing an influence the legislation has on the companies providing modern solutions in the payment services market. The legal changes are analysed and assessed following the differences resulting from Payment Service Directive 2. For better understanding the impact of Directive, recent technological accomplishments are briefly described and explained. The overall results of the analysis are concluded on the basis of British and Polish payment services markets. The outcome reveals a contrast between these two countries in a number of new payment services providers as well as they origins. Research shows that the Polish payment services market is less accessible for non-bank financial companies.

Suggested Citation

  • Sadowski Krystian, 2021. "Impact of PSD2 on The Payment Services Market – General Objectives and Evidence from Polish and UK Legal Systems," Wroclaw Review of Law, Administration & Economics, Sciendo, vol. 11(1), pages 89-102, December.
    • Handle: RePEc:vrs:wrolae:v:11:y:2021:i:1:p:89-102:n:3
    DOI: 10.2478/wrlae-2021-0008
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/wrlae-2021-0008
    Download Restriction: no
    File URL: https://libkey.io/10.2478/wrlae-2021-0008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Boumediene Ramdani & Ben Rothwell & Elias Boukrami, 2020. "Open Banking: The Emergence of New Digital Business Models," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 17(05), pages 1-19, August.
    2. Michie, Ranald C., 2016. "British Banking: Continuity and Change from 1694 to the Present," OUP Catalogue, Oxford University Press, number 9780198727361.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Olivier Accominotti & Delio Lucena‐Piquero & Stefano Ugolini, 2021. "The origination and distribution of money market instruments: sterling bills of exchange during the first globalization," Economic History Review, Economic History Society, vol. 74(4), pages 892-921, November.
    2. Mohammad Bagher Arayesh & Mostafa Rezaeirad & Mohammad Aidi & Tohfeh Ghobadi Lamuki, 2022. "Modeling the platform-based banking in commercial banks of Iran," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(4), pages 351-367, December.
    3. Laura Grassi & Nicolas Figini & Lorenzo Fedeli, 2022. "How does a data strategy enable customer value? The case of FinTechs and traditional banks under the open finance framework," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-34, December.
    4. José Ramón Martínez Resano, 2021. "Regulating for competition with BigTechs: banking-as-a-service and “beyond banking”," Financial Stability Review, Banco de España, issue Autumn.
    5. José Ramón Martínez Resano, 2021. "Regulating for competition with BigTechs: banking-as-a-service and “beyond banking”," Revista de Estabilidad Financiera, Banco de España, issue Otoño.
    6. José Ramón Martínez Resano, 2021. "Regulating for competition with BigTechs: banking-as-a-service and “beyond banking”," Financial Stability Review, Banco de España, issue Autumn.
    7. Sabine Schneider, 2022. "The politics of last resort lending and the Overend & Gurney crisis of 1866," Economic History Review, Economic History Society, vol. 75(2), pages 579-600, May.
    8. Sánchez, Marisa A., 2022. "A multi-level perspective on financial technology transitions," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    9. Gorka Briones de Araluze & Natalia Cassinello Plaza, 2023. "The Relevance of Initial Trust and Social Influence in the Intention to Use Open Banking-Based Services: An Empirical Study," SAGE Open, , vol. 13(3), pages 21582440231, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:wrolae:v:11:y:2021:i:1:p:89-102:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.