Complete your solution by incorporating the functionality that allows your customers to initiate payments
The goal of this PSD2 service is to enable customers to initiate payments from their platforms or suppliers of choice, promoting innovation and competition. The technological heart of this ambitious European regulation is APIs (Application Programming Interfaces).
This enables you to complete your service, making it easier for your customers to carry out operations and transactions from their accounts without leaving your platform.
Advantages of the Payments PSD2 API
To use the Payments PSD2 API, you must be licensed to provide payment initiation services in the country. The service is deployed through Redsys, the company that has developed the customer account access interfaces for BBVA.
The PSD2 has opened the door to new players and new forms of collaboration. This API specifically has been designed by BBVA to comply with this regulation and thus facilitate the opening up of banking infrastructures and services.
Head of Open Banking at BBVA Spain
Read about our other APIs that enable you to offer payments and other banking services to your individual or business customers, all under your own brand.
Some states have given moratoriums considered excessive by others, while fintech companies complain about the slowness of a part of traditional banking.Read more
The five keys to understanding PSD2
The PSD2 directive has created a new regulatory framework for the use of mobile payments, third-party tools other than banking entities or enhanced security.Read more
Ana Climente: "Banks have found it challenging to adapt to PSD2"
The PSD2 directive has created a new scenario in which banks have progressively offered access to their infrastructure to third parties.Read more