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LUXHUB, the European Open Banking API Platform was granted the PSF License by the Luxembourg Minister of Finance.
Created by 4 major retail banks, Banque et Caisse D’Epargne de l’Etat, BGL BNP Paribas, Raiffeisen Bank and POST Luxembourg, LUXHUB provides an innovative answer to the upcoming PSD2 European Directive which opens the market of bank payments accounts to new services and new providers.
“While limited until now essentially to the use of credit cards for payments on the web, the upcoming regulation enables customers to use directly their bank accounts in a variety of situations. The fundamental innovation however is that the payments and associated services can be offered by new so called FinTech providers which extend the offer to a range of...
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