PSD2 stands for “Payment Services Directive 2” and refers to what is officially called the “Revised Payment Services Directive – PSD2, Directive (EU) 2015/2366”

The PSD2 is a so-called “EU Directive” which means that is a type of legislation that applies to the entire European Union (26 countries) and to the entire European Economic Area (all EU member states + 4 non-member states).

Purpose of the PSD2

The officially stated purpose of the PSD2 is to increase competition within the European Union and European Economic Area, increase participation in the payments industry (specifically from non-banks and fintechs), and to provide for a level playing field by harmonising consumer protection and regulatory requirements.


Key objectives of the PSD2

  • Creating an integrated European payments market

  • Making (digital/electronic) payments more secure

  • Protecting consumers & their data

Is Airbank fully PSD2-compliant?

Yes, Airbank is fully PSD2 compliant. Airbank is compliant with all applicable European Union & United Kingdom legislation & regulations.

Airbank has established special internal procedures & mechanisms to ensure full compliance with all applicable laws & regulations - now & in the future!

We fully support the aim of PSD2 to increase the protection & safety of consumers!


Important: Please do not hesitate to get in touch with Airbank' s support team should you experience any issues or require additional support.

Just use the chat function on the Airbank homepage or in Airbank App (the speech bubble symbol in the lower right-hand corner) or send an email to: help@joinairbank.com.

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