Abstract

The Payment Services Directive (PSD) and the Electronic Money Directive 2 (EMD2) have made significant changes in the payment services market: the introduction of new non-bank payment services providers, Payment Institutions (PI), the Electronic Money Institutions (EMI) and public administrations (PPAA), which is accompanied by the introduction of their right to use contracts for management of payment services, payment accounts and give credit to payment account costumers. These changes appear to be significant for the possible implications associated with payment dematerialisation, even more so in the public administration field, for which digitisation is a goal and a need in coming years.