Following the decision of our investor to phase out Yolt we will be winding down our services. We have informed our clients of this decision and will continue to fulfil our contractual obligations to meet clients’ expectations during this period. If you have any questions please contact support@yolt.com.

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The second Payment Services Directive (PSD2)

What is the second Payment Services Directive (PSD2)?

The European Payment Services Directives are a set of regulations that were created to facilitate an innovative and competitive cross-European payments environment. In the first Payment Services Directive (PSD), the Single Euro Payment Area (SEPA) was defined. The second Payment Services Directive (PSD2) mandates that banks must share –with customer consent –consumer banking information with registered and licensed TPPs for the purposes of Account Information Services or Payment Initiation Services. PSD2 allows more flexibility in Open API construction than the UK’s Open Banking regulation.



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