PSD2 is a revision of the Payment Services Directive aim to modernise the payment service in Europe for the consumers and compagnies. It fosters online services and mobile payments, more secured payments and a better consumers’ protection. At the same time, the directive aims to improve competitive conditions for payment services providers – including new players or Fintechs as Budget Insight. Many PSD2 elements have already been applied in the EU since January 13, 2018. PSD2 solves the problem of online payment fraud: PSD2 introduces strict security requirements for online payments and the protection of consumer financial data to ensure that their privacy is respected by all market providers (since September 2019). PSD2 opens the EU payment market to competition: PSD2 settles the rules for the future. With online financial services constantly evolving, the new rules will apply to traditional banks, innovative payment services and new providers such as Fintechs. From now on, the third-party providers (TPP) will be ruled by the EU rules. Budget Insight initiates payment on the name of its clients and give the insurance to the retailers that the money is coming, or give them an outlook of the accounts and the available amount for their client’s bank accounts  PSD2 improves complaint procedures