EU Payment Services: Regulation and Innovation

EU Payment Services: Regulation and Innovation offers in-depth analysis of the regulation covering the EU market for payment services, the Revised Payment Services Directive (PSD2). The book evaluates the regulation’s ability to accommodate innovation in payment services, maintain fair competition, and ensure consumer protection.

Combining law and economic theory, EU Payment Services provides novel insights on practical aspects of payment services, as well as a deeper theoretical understanding of the PSD2’s regulatory foundation. The book begins by investigating the PSD2’s licensing regime, particularly its exemption provisions for small payment service providers. It then considers provisions for ensuring that all payment service providers have access to payment systems and that grant users the freedom of choice in providers. Finally, the book examines how the regulation can ensure safe payments in an increasingly digital world, where there is a growing threat of payment fraud.

Rigorous and forward-looking in its approach, this book is an essential resource for those interested in financial regulation and EU law.

Louise Damkjær Christensen, Associate Professor of Financial Market Law, Department of Law, University of Southern Denmark

Louise Damkjær Christensen is Associate Professor of Financial Market Law at the University of Southern Denmark. Her research focuses on financial regulation, with a particular interest in innovation in payment services regulation. Her work has been published in journals including European Business Law Review, Law and Financial Markets Review, and Nordisk Tidsskrift for Selskabsret (Nordic Journal of Company Law). Dr Christensen holds an LLB (2016), LLM (2018), and PhD in law (2023) from the University of Southern Denmark.