EBA · 2024_7184 Question under review

Payment service user - both payer and payee

Name: Payment service user - both payer and payee: EBA Q&A — EU Financial Regulatory Q&A
Creator: European Banking Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Directive 2015/2366/EU (PSD2)
Article: 4, para. 10
Topic: Other topics
Submitted by: Other
Submitted: 2024-08-28
Answer provided by: ESAs (EBA, ESMA, EIOPA)

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Question

Can a payment service user be both payer and payee on a money remittance service?

Background

DIRECTIVE (EU) 2015/2366 (PSD2) defines the "payment service user" in Article 4, par. (10) as a person making use of a payment service in the capacity of payer, payee, or both. Reffering to money remittance service, can the same person be both payer and payee on the same money remittance transaction, meaning the sender is the same person as the receiver?

No answer published yet.

Original source: European Banking Authority, Q&A ID 2024_7184

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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