Payment services in the internal market
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Provisional agreement reached, awaiting formal adoption by Parliament and Council.
Last active 05 May 2026
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What this bill does
In plain terms: what it changes and who it affects.
This proposal updates EU payment rules to make digital payments safer, improve open banking, strengthen user rights, and widen access to payment systems and cash.
Who it affects
It affects consumers, merchants, payment institutions, electronic-money providers, banks, open-banking providers, ATM operators, retailers offering cash, and electronic communications providers involved in fraud prevention.
Core of the proposal
- Requires payee-name and account checks for credit transfers to reduce fraud and mistaken payments.
- Strengthens liability and refund rules for unauthorised payments and certain impersonation fraud.
- Requires dedicated open-banking interfaces and user dashboards to manage account-data permissions.
- Extends fair access rules for payment systems and bank accounts to non-bank payment providers.
Key provisions
- Takes effect
- The Regulation enters into force on the twentieth day after Official Journal publication and applies 18 months later.
Articles changed · 2 across 2 laws
- Regulation (EU) No 1093/2010 (32010R1093)
- art. 9(5): adds EBA temporary product intervention powers for payment and electronic money services
- Regulation (EU) 2017/2394 (32017R2394)
- art. Annex: adds a reference to this Regulation for cross-border consumer protection enforcement cooperation
Latest update
08 Jun 2026The most recent development in this bill's progress.
1st reading – Council of the EU → Trilogues (interinstitutional negotiations)
1st reading – Council of the EU → Trilogues (interinstitutional negotiations)
Documents
1 recentSourcesOEILEUR-LexEU Law Tracker