On 25 November 2015, Directive 2015/2366 on Payment Services II (Payment Services Directive II, PSD II) was adopted by the European Parliament and should have been implemented by all member States by 13 January 2018. In fact, the PSD II is the logical successor of Directive 2007/64/EU, which provided the legal basis for the EU-wide single market for retail payments.
With a few months delay, the Greek parliament adopted Law 4537/2018. The respective Bill for the implementation of Directive 2015/2366/EC for Payment Services in the Greek framework had been tabled in Greek Parliament since 11 April 2018, with a few months’ delay.
For further information, please refer to the pdf document where we briefly present the main changes introduced by the new Law 4537/2018, which incorporates in Greek legislation Directive 2015/2366/EU about payment services in the internal market.