European Regulation of Fin-Tech Payment Services Providers andits Application in the Czech Republic

In 2015, Directive (EU) 2015/2366 of the European Parliament and the Council of 25 November 2015 on payment services in the internal market (hereinafter referred to as “PSD 2”) was adopted. This rule has expanded the possibilities for the provision of new payment services, namely account information services (hereinafter referred to as “AIS”) and payment initiation services (hereinafter referred to as “PIS”). This legislative step created space for market entry of payment service providers to entities known as Fin-Tech companies. The aim of the paper is to analyze and evaluate the changes in the payment market in the Czech Republic in comparison with selected EU countries after the implementation of PSD 2, using methods of description and comparative analysis. The authors base their research on the following hypothesis: “The European regulation of payment services according to PSD 2 did not bring a significant expansion of competition in their provision in the Czech Republic”. The presented contribution proves and demonstrates its truthfulness.