EBA · 2024_7115 Question under review

Providing payment service via Internet banking (web-application)

Regulation
Directive 2015/2366/EU (PSD2)
Article
4, para. 3
Topic
Authorisation and registration
Submitted by
Other
Submitted
2024-06-20
Answer provided by
ESAs (EBA, ESMA, EIOPA)
Browse PSD2 Register → More Q&As on this regulation →

Question

Is providing payment service via Internet banking (web-application) payment initiation channel considered to be issuing of payment instruments?

Background

PSD2 Directive sets list of payment services, among which according to Annex  5. Issuing of payment instruments and/or acquiring of payment transactions. Payment instrument is defined as a personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order according to Article 4 (14).  Does the use of web-application (so-called internet-banking) or mobile application for providing other payment services (e.g. defined in Annex 1 p. 3 (a-c) and 4(a-c)) requires authorisation for service p.5 Issuing of payment instruments and/or acquiring of payment transactions?
No answer published yet.

Original source: European Banking Authority, Q&A ID 2024_7115

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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