money remittance
Definitions over time (1)
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12/01/2016 – 08/04/2024 Article 4, Payment Services Directive (PSD2) Scope: Whole act
For the purposes of this Directive, the following definitions apply:
‘money remittance’ means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 11/11/2026)
No text uses this concept on 11/11/2026.