From 2024, all EU PSPs will be required to record and report transactional data of cross-border payments. This includes banks, electronic money institutions and other regulated payment institutions. When implementing CESOP, companies must navigate between multiple stakeholders and their interests. If you provide payment services covered by PSD2, you need to start assessing the extent of the impact and form a proportionate, effective and timely response.
Source: Deloitte
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