Etusivu \ Deregulation and New Legislation \ Payment Services Act

Payment Services Act

The FCCA participated in the Ministry of Justice working group for the reform of the Payments Service Act, which published its report (in Finnish) in February 2017. Most of the amendments to the Payment Services Act entered into force on 13 January 2018. The amendments to the Payment Services Act are also connected to strong electronic authentication and the trust network of the identification market. The Consumer Ombudsman expressed concern about how consumers will be able to identify reliable and regulated new operators on the payments market, and how the new regulations will be interpreted in the event of problems.