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European Union: European Parliament and Council reached an agreement on Third Payment Services Directive (PSD3)

Policy overview

Description

European Parliament and Council reached an agreement on Third Payment Services Directive (PSD3)

On 27 November 2025, the European Parliament and Council reached an agreement on the Third Payment Services Directive (PSD3). The Third Payment Services Directive seeks to ensure fair competition among payment service providers by addressing authori…

Scope

Policy Area
Data governance
Policy Instrument
Data protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2023-06-28
under deliberation

On 28 June 2023, the European Commission issued a proposal for a regulation that aims to establish …

2023-08-22
under deliberation

On 22 August 2023, the European Data Protection Supervisor (EDPS) issued an opinion on the proposal…

2024-04-18
under deliberation

On 18 April 2024, the Committee on Economic and Monetary Affairs of the European Parliament voted t…

2024-12-04
under deliberation

On 4 December 2024, the Council of the European Union (EU) adopted its general approach to the prop…

2025-11-27
under deliberation

On 27 November 2025, the European Parliament and Council reached an agreement on the Third Payment …