correspondence sender ; - possibility for additional standardisation in terms of the information provided to users in their account statements, particularly for card payments. the sophisticated business models using multiple intermediaries result in users ’ confusion, e. g. where the name of a merchant from the account statement does not coincide with the merchant ’ s trademark and thus hinders the identification of unauthorised payment transactions ; https : / / ec. europa. eu / info / publications / 200924 - digital - finance - proposals _ en directive ( eu ) 2015 / 2366 of the european parliament and of the council of 25 november 2015 on payment services in the internal market, amending directives 2002 / 65 / ec, 2009 / 110 / ec and 2013 / 36 / eu and regulation ( eu ) no 1093 / 2010, and repealing directive 2007 / 64 / ec - unifying the regulatory regime applicable to electronic money institutions and payment institutions, by repealing the electronic money directive3, and including issuance of electronic money as a new type of a payment service ; - standardisation of the application programming interfaces ( apis ) used by the industry. regulation of the concept of the so - called ‘ open finances ’ - access to financial and non - financial institutions to a broad range of financial information regarding the customers with the latter ’ s consent with a view the provision of innovative services is expected to be proposed by mid - 2022 building on the experience gained in the implementation of ‘ open banking ’ ; - review of the services falling within the remit of the directive. presently, psd2 does not cover services provided by ‘ technical services providers ’, who support the provision of payment services without coming into possession of the funds. due to the growing dependence of the provision of payment services on the provision of outsourced ancillary services by subcontractors that are currently non - regulated entities, some of these services and their providers may possibly be included in the scope of the directive and become subject of supervision ; - in addition to the review of psd2, a review will also be carried out of the settlement finality directive4, and assessment will be made if payment institutions and electronic money institutions should be eligible for direct participation in designated payments systems, subject to certain conditions and risk mitigating measures. 2. general trends in payment digitalisation amendments to the legislation are an important prerequisite for the quick take - up of innovations in the market, but no less contribution to it

of companies in the 21st century and urging the general public to boycott them shows not only a lack of responsibility, but also a lack of taste and common sense. i feel certain that our citizens know better and will continue to buy those products and services that suit them best, guided exclusively by their economic interest. the key principle of the late 18th century economy of comparative advantage explains that international trade is beneficial to all parties involved, and i guess that serbia of the 21st century wishes to benefit from international trade and finance, as well. i would also like to remind you on this occasion that today ’ s standard of living in serbia is largely based on foreign direct investments and access to foreign borrowing. hence, pensions are paid out regularly and on time, new jobs are created ( in the banking sector alone, the number of jobs is 50 % higher than at the onset of transition ), our citizens can take out mortgage loans, etc. in order to finance the current account deficit measuring 16 % of gdp in 2007, serbia needs foreign direct investments and fresh money. if we were to finance growth and development exclusively from our domestic accumulation, the volume of lending in 2007 would have been 4 to 5 times lower. it is true that the national bank of serbia can sustain macroeconomic stability in the short run by relying on monetary policy measures and interventions in the foreign exchange market. however, in the medium and long run, you do not make something out of nothing. i feel it is my duty to warn you that the ultimate costs of a significant decline in the level of fdis and restrictions on foreign borrowing will in the long - run be borne by our enterprises and citizens. however, i am sure it will not come to this, because it is not in serbia ’ s interest.