Regulation of new electronic payment services in EU (on the basis of YAPI Merkezi Construction)

Abstract

The modern world is innovatively progressive, it brings new challenges to modern state regulatory processes, so it is essential to develop a system of innovative regulations. Since 2007, the European Union countries have been actively engaged in creating a secure payment system. The primary tool for ensuring a secure payment system is the Payment Service Directive. This directive aims to develop the electronic payment market and allow consumers to use innovative banking services. The European directive of the payment service formed the basis of payment settlements in many countries, particularly Ukraine. This work profoundly analyses the adoption and improvement of payment system regulations in the European Union and studies the regulatory and legal regulations of the financial technology industry in Ukraine.