Amendment to Directive 98/26/EC

This procedure updates the rules for payment and electronic money services within the EU's Internal Market. It aims to enhance security, promote innovation, and ensure a level playing field for all providers, making payments safer and more efficient for consumers and businesses.

The changes will affect payment service providers, electronic money institutions, and consumers using these services. It repeals older directives, consolidating and modernising the legal framework to adapt to new technologies and market developments.