Payments innovation is increasingly shaped by regulation. New frameworks aim to enhance security, competition, and consumer protection while supporting innovation.​

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This article explains the transition from PSD2 to PSD3, the new Payment Services Regulation (PSR), stronger SCA rules, and evolving AML/KYC expectations. We also assess how regulatory clarity can become a competitive advantage rather than a constraint.​​

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Authoritative sources

• EY – Payment Services Regulation analysis

• https://www.ey.com/en_be/technical/financial-services/financial-services-alerts/payment-services-regulation-key-impacts-on-payment-service-providers​

• https://latinia.com/en/resources/new-european-regulation-psd3​

• https://www.eba.europa.eu/sites/default/files/2025-09/f2a45cc0-e5ce-4539-a55c-af379e34eb7c/Innovation%2C%20competition%20and%20security%20-%20Payments%20Tomorrow.pdf