Understanding Payment Institutions
Moving funds quickly, securely and efficiently is essential for investors. Payment services have to be agile and adaptable in order to fully meet the needs of a varied group of clients. The term “Payment Institution” refers to a category of payment service providers which came into being as a result of the enactment of the Payment Services Directive (PSD) which was enacted across the EU in 2009. The payment institution sector is active in each EU member state as well as other non-EU European countries.
