In 2018, the revised Payment Service Directive, known as PSD2 (Payment Service Directive 2), came into force in the EU. In Latvia, its provisions are incorporated into the Payment Services and Electronic Money Law. When using this service, the Customer data are fully protected and only the data accepted by the Customer are exchanged.


PSD2 introduces new players in the marketplace: (1) payment initiation service providers and (2) account information service providers. These services can be rendered (3) by third party providers which have a licence from financial supervisory authorities.



Payment initiation service: Online payment made by a third party on behalf of the Customer. It always requires an agreement with the Customer and the Customer’s consent. The actual transfer is carried out through the existing payment services of the banks.



Account information service: The account information service provider collects, with the Customer’s consent, information from the Customer’s payment accounts in one or more banks and presents the summary in its own interface. By collecting payment account information from all the banks that the Customer uses, a more complete picture of the Customer’s financial situation can be provided.



(3) Third party providers: The companies licenced by the Financial and Capital Market Commission (


The opportunity we are proposing is to offer the new generation of financial services that you have developed to the Customers of PNB Banka.


The documents required for using the service as well as access to the solution sandbox are available here.


In order for you to be able to offer payment and account information services to the Customers of PNB Banka, please write to We will send you the required documents as well as inform you of the next steps.