PSD2uutta
PSD2uutta is a proposed revision to the European Union's Payment Services Directive 2 (PSD2) intended to address evolving digital payments and fintech innovation. The term blends PSD2 with the Finnish word uusi, meaning new or update. The concept is used in policy discussions to describe possible future updates to PSD2 rather than a currently enacted law.
Background: PSD2, enacted in 2015 and implemented across the EU by 2018–2020, expanded access to payment accounts
Potential provisions (illustrative): harmonized and mandatory API standards for payment account access; enhanced customer authentication with
Implementation and reception: PSD2uutta is not current law; any formal adoption would require EU legislative procedures
See also: PSD2; Open banking; European Union payment regulation.