Brussels, 4 April 2025 – The European Tech Alliance (EUTA) welcomes the European Commission’s proposals for the Payment Services Regulation (PSR) and the Third Payment Services Directive (PSD3) as a pivotal opportunity to build a more harmonised, innovative, and competitive payment landscape in Europe.
In its latest position paper, EUTA highlights key priorities to ensure the new rules support growth for European digital businesses while protecting consumers:
- Greater harmonisation across the EU: EUTA calls for consistent rules on the definition and use of payment service provider agents, to reduce regulatory fragmentation and help European platforms scale more easily across the Single Market.
- Balanced approach to commercial agent exemption: EUTA urges the EU to avoid using subjective criteria, like the scope of negotiation power, as a basis for exemptions. Instead, the focus should be on actual risk exposure and operational clarity, with a minimum 24-month transition period for compliance.
- Fraud prevention cannot co-exist with unconditional refund rights: EUTA strongly opposes the proposed unconditional refund rights for merchant-initiated transactions (MITs), warning that it could invite abuse in digital services and eCommerce, ultimately harming both merchants and consumers.
- Fit-for-purpose Strong Customer Authentication (SCA): EUTA advocates for updated SCA rules that distinguish between consumer and business use cases, enable seamless experiences through clear exemption rules, and promote the use of secure delegated authentication.
- Regulatory coherence with the Digital Services Act (DSA): EUTA warns against overlapping responsibilities for digital platforms and calls for alignment between PSR and DSA to ensure legal certainty and fair treatment of intermediary platforms.
👉 Read the full position paper
About the European Tech Alliance
EUTA represents leading European tech companies that provide innovative products and services to more than one billion users. Our 33 EUTA member companies from 15 European countries are popular and have earned the trust of consumers. As companies born and bred in Europe, for whom the EU is a crucial market, we have a deep commitment to European citizens and values.
With the right conditions, our companies can strengthen Europe’s resilience and technological autonomy, protect and empower users online, and promote Europe’s values of transparency, rule of law and innovation to the rest of the world.
The EUTA calls for boosting Europe’s tech competitiveness by having an ambitious EU tech strategy to overcome growth obstacles, making a political commitment to clear, targeted and risk-based rules, and enforcing rules consistently to match the globalised market we are in.
For media inquiries, please contact:
Victoria de Posson, EUTA Secretary General
E-mail: victoria@eutechalliance.eu
E-mail: info@eutechalliance.eu
Phone: +32 476 25 08 16
www.eutechalliance.eu
