BBanking
EuGH schafft Klarheit: Nicht jede Weiterleitung von Geldern Dritter ist ein Zahlungsdienst im Sinne der PSD2 ECJ Clarifies the Scope of PSD2: Not Every Transfer of Third-Party Funds Constitutes a Payment Service
Read More
  • 3 minute read

ECJ Clarifies the Scope of PSD2: Not Every Transfer of Third-Party Funds Constitutes a Payment Service

The ECJ has further clarified the distinction between payment services and other business models. The judgment confirms that merely receiving and forwarding third-party funds does not automatically trigger licensing requirements under PSD2. The decision provides greater legal certainty for FinTechs, platform operators and other businesses handling payment flows, while emphasising that the specific business model remains decisive.
Read More
PPSD2
MiCAR trifft PSD2: Warum E-Geld-Token plötzlich doppelt reguliert werden | ALLES LEGAL #138
Read More
  • 2 minute read

MiCAR meets PSD2: Why e-money tokens are suddenly subject to dual regulation | ALLES LEGAL #138

Since the end of the EBA transitional period in March 2026, many crypto-asset service providers have had to assess whether, in addition to MiCAR, they also require a PSD2 or national payment services licence. In this episode, Kemal Ahmedi explains why crypto regulation and payment services law overlap and what this means for business models and licensing strategies.
Read More
DData Protection
Datenschutz im Zahlungsverkehr – Rechtliche Grundlagen und Besonderheiten Data Protection in Payment Services – Legal Framework and Key Particularities
Read More
  • 10 minute read

Data Protection in Payment Services – Legal Framework and Key Particularities

Data protection in payment services operates within the complex interplay of the GDPR, PSD2 and the German ZAG. A key challenge lies in the legal classification of payment data, as transaction data may reveal highly sensitive insights into individuals’ private lives. This article analyses the principal legal bases for data processing as well as the allocation of data protection responsibilities among payment service providers, PISPs and AISPs.
Read More