PSD3 Compliance: Prepare Your Business 2026
All businesses handling payments must adapt to PSD3 requirements taking effect 2027. Our guide helps you navigate the complexity.
Your PSD3 Readiness Level
Green
Ready for PSD3
Yellow
Partially ready
Red
Action needed
What is PSD3 and why is it important?
PSD3 (Payment Services Directive 3) is the third generation of EU payment services directive taking effect 2027. It replaces PSD2 and introduces new requirements for payment service providers, payment institutions, and banks.
The directive aims to increase consumer protection, improve security, promote innovation, and create a more harmonized payments market in the EU.
PSD3 Compliance Checklist for Businesses
Strong Customer Authentication (SCA)
- •Updated SCA requirements for online payments
- •Exemptions for low-value transactions (CIT)
- •Risk-based authentication
Open Banking & Third Party Access
- •Enhanced customer control for TPPs
- •Standardized APIs for data sharing
- •Transparency in fees and terms
Payment Initiation (PIA)
- •Enhanced customer protection for PIA
- •Requirements for clear identification
- •Liability allocation between actors
Currency Exchange & Exchange Rates
- •Merchant rate vs market rate
- •Transparency in exchange fees
- •Currency rules for cryptoassets
Your Action Plan for PSD3
Gap Analysis
Identify gaps in current systems
Technical Adaptation
Update systems and APIs
Staff Training
Ensure knowledge of new rules
Testing & Verification
Check functionality before launch
Resources & Links
Official Documents
Industry Associations
Common Questions about PSD3
When does PSD3 take effect?
PSD3 will take effect on January 1, 2027 for most requirements. Some minor exceptions and transition periods may exist for certain types of services.
Which companies are affected by PSD3?
PSD3 applies to all companies offering payment services including banks, payment institutions, e-wallet providers, and companies using payment services for their customers.
How much does it cost to adapt to PSD3?
Costs vary depending on company size and existing systems. Small companies can expect investments of 50,000 - 200,000 SEK, while larger companies may need to invest 1-5 MSEK.
Ready to adapt your business for PSD3?
Use our payment calculator to calculate PSD3 adaptation costs and compare different providers.