PSD2

PSD2 at PNBIL(UK)


The Second Payment Services Directive (PSD2) is a European payments-related legislation that came into effect on 13th January 2018. In UK, the "Payment Services Regulations 2017" implemented the EU directive into national law effective from that same date. It aims to increase competition in the payments industry, introduce new types of payment services and improve customer protection and security.

PSD2 requires all Account Servicing Payment Service Providers (ASPSP) to make a dedicated interface available for Third Party Providers (TPP) registered with FCA to access accounts to provide services like account information and payment initiation.

PNBIL(UK)is an ASPSP and we have partnered with Token, a leading provider of open banking technology, to make our PSD2 dedicated interface available. As a part of this partnership PNBIL(UK) would like to annouce the availablility of our developer portal with effect from 12th March 2019.

If you are a TPP, please use the link below in order to access the technical specification and supporting documentation on the developer portal to test PNBIL(UK) dedicated interface.

Developer portal : https://pnb.docs.token.io/

Punjab National Bank (International) Limited (PNBIL) is a UK incorporated banking subsidiary of Punjab National Bank, India (PNB). PNBIL is Authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. PNBIL is a member of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). PNBIL is authorised for accepting deposits by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Your eligible deposits are protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme. The FSCS protects most depositors, including individuals and small companies upto £85,000. Eligible deposits of large companies and small local authorities are covered upto £85,000.