PSD II in Austria

Effective September 2019 new national legislation (Zahlungsdienstegesetz) will apply in Austria for the Revised Payment Services Directive (PSD2) from the European Union.

The objective of PSD2 is to stimulate the innovation of new payment services throughout the European Union and to increase the security of payments services in our increasingly digitalized world.

To achieve this, PSD2 enables Third Party Payment providers (TPPs) to access payment accounts of consumers and companies to facilitate the processing of payments, or to offer payment account (aggregation) services.

Please find additional details at the link below