Payment Services Directive 2

The Payment Services Law 2018 (L. 31(I)/2018), which harmonizes Cyprus legislation with the European Directive 2015/2366 regarding payment services in the internal market (Payment Services Directive – PSD), came into force on April 18, 2018. 

The 2nd Payment Services Directive (PSD2) came into effect on September 14, 2019.

Find out here about your rights when making payments in Europe under the said Directive.