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EU Unveils Sweeping Reforms to Drive Growth in Fintechs

The European Commission has introduced reforms to the regulations governing the electronic payments sector, among them, mitigating fraud by enabling the payment service providers to share information. It comes at a time the fintech ecosystem is growing. Also included in the revised Payment Service Directive are the measures that would extend the refund rights for consumers who fall victim to fraud, the EU said.The commission is also planning to allow non-banks payment service providers to access... Read More

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Unveils

Sweeping

Reforms

Drive

Growth

Fintechs

Forex

Posted: Jun 28 2023, 16:35

Author Name: financemagnates

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