The main incentive of PSD2 beyond the enhancement of fraud prevention methods and authentication online, is to expand the scope of protection to include payments in all currencies with its one leg in, one leg out policy. This differs from PSD1.
PSD2 covers worldwide transactions as long as one end of the transaction is based within the EEA. Otherwise, its main parameters remain the same; barring the addition of SCA.
PSD2 originally came into force in 2016 and EU member states ha
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