2018 is the year that PSD2 will become applicable throughout the EEA, forcing banks to open up their infrastructure to Third Party Players (TPPs). Those TPPs will be allowed to access payment accounts in order to provide new value-added services to consumers, such as account aggregation (i.e. one app on a smartphone or tablet consolidating the financial data of a consumer from his various accounts held at different banks). Banks are expected to give access through APIs (Automated Programing Interface).

PSD2 is one of the main drivers of the ongoing developments and changes in the payment services market. Together with tech evolution, innovation, new entrants and demand for real-time experience, PSD2 is contributing to changes both in services and infrastructure.