European Union: European Parliament and Council reached agreement on Payment Services Regulation for the internal market including data protection regulation

On 27 November 2025, the European Parliament and Council reached an agreement on the Payment Services Regulation (PSR) for the internal market. The PSR regulates personal data processing for fraud prevention and secure payment execution. It sets conditions for fraud-related information sharing and for access to payment account data in open banking while maintaining alignment with Regulation (EU) 2016/679.