From 2024, all PSPs in the EU will be required to record and report transaction data from cross-border payments. This includes banks, e-money institutions, and other regulated payment institutions. When implementing CESOP, companies must navigate between different stakeholders and their interests. If you offer payment services that are covered by PSD2, you need to start by assessing the impact and prepare a proportionate, effective and timely response.
Source: deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
