PSD3 & PSR

Setting new standards for the EU payments landscape

Capco
06 October 2025

The European payments industry is entering a new phase of regulatory change. PSD3 and PSR are designed to modernize the framework for digital transactions, address emerging risks, and create a more resilient and innovative financial ecosystem. These developments bring both challenges and opportunities for market participants.

A new framework for payments in Europe

The third Payment Services Directive (PSD3) and the Payment Services Regulation (PSR) represent a significant step forward in the evolution of European payments regulation. Introduced by the European Commission, the directive and regulation aim to strengthen fraud prevention, enhance consumer protection, and foster innovation across the financial services ecosystem.

For banks, fintechs, and payment service providers, PSD3 and PSR introduce new regulatory expectations and operational requirements. But beyond compliance, they offer a strategic opportunity to build trust, accelerate digital transformation, and secure a competitive edge.

This page provides a central hub for our insights, updates and expert commentary on PSD3 and PSR – guiding you through the regulatory shifts and unlocking new opportunities.

The upcoming PSD3 directive and PSR regulation are reshaping the European payments landscape. Banks and payment providers will face new requirements around security, fraud prevention, and consumer protection – while also gaining opportunities to future-proof their business models.

–Jan Stüve, Partner, Capco

What we offer

As regulatory complexity increases, we support financial institutions and payment providers in navigating the PSD3 and PSR landscape with clarity and confidence. Our services are designed to ensure compliance, reduce risk, and unlock strategic value.

Our core services

Impact assessments and gap analyses
Compliance strategy design
Project support for implementation and change management

Our key competences

Regulatory insight: Clear interpretation of PSD3/PSR requirements and their practical impact
Strategic guidance: Support in aligning business models, processes, and systems with the new regulatory framework
Operational readiness: Assessment and planning for technical, procedural, and organizational adjustments
Market perspective: Understanding of industry trends, stakeholder expectations, and innovation potential