Community
According to the European Commission, at the end of March 2010, 16 Member States have transposed the Directive and 7 other member States have transposed it partially. Infringement proceedings were launched at end January against all those Member States lagging behind
On the basis of the data provided by 13 Member States, the Commission services informed that, at the end of march, 71 payment institutions licenses have already been granted(most of them are in UK) . In addition, 467 entities have been waived under Article 26 most of them are in UK). (Article 26 = Small PIs – license is not needed when the total amount of transactions does not exceed 3 million Euros a month, this was on option of the PSD, This was an option in the directive which has not been accepted by the French parliament during the transposition)
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Galong Yao CGO at Bamboodt
08 July
Alex Kreger Founder and CEO at UXDA Financial UX Design
07 July
Anjna McGettrick Global Head of Strategy Implementations at Onnec
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
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