ENHANCING ECONOMIC RESILIENCE THROUGH SECURE FINTECH PAYMENTS: A LEGAL AND REGULATORY ANALYSIS UNDER THE EVOLVING EU FRAMEWORK

HORATAU, Ionut

doi:10.65672/jfme.2025.1.19

ENHANCING ECONOMIC RESILIENCE THROUGH SECURE FINTECH PAYMENTS: A LEGAL AND REGULATORY ANALYSIS UNDER THE EVOLVING EU FRAMEWORK

Authors

HORATAU, Ionut — Faculty of Finance and Banking - Bucharest University of Economic Studies; National Bank of Romania, Payments and Payment Instruments Oversight Division of the National Bank of Romania, Bucharest, Romania

Landing page: https://www.icfm.ro/jfme.icfm.ro/articles/vol13i1p203-220.html

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DOI: 10.65672/jfme.2025.1.19

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Abstract

Digital payments are increasingly central to the European Union’s financial ecosystem, but it seems that they face growing security and operational risks. This study is proposing to explore how secure fintech payment services can enhance economic resilience by ensuring business continuity, security of the payment services and so reducing systemic vulnerabilities. Methodology is by focusing on the EU regulatory framework, particularly Payment Services Directive PSD2 [1] and the forthcoming Third Payment Services Directive (PSD3) [2]/Payment Services Regulation (PSR) [3], to identify and emphasize adequate security measures to mitigate the risks associated to payment services. This might eventually lead to compliance from fintech entities to preserve the economic resilience. The preliminary result of the analysis shows that secure fintech payment services, when aligned with EU regulatory requirements, significantly strengthen economic resilience. The research proposes to emphasize how the regulatory foresight combined with proactive security measures might foster a reliable, trusted, and resilient digital payment infrastructure, capable of supporting the EU economy under normal conditions and during periods of stress or disruption.

JEL Classification

G20, G28, O33

Keywords

fintech payments, economic resilience, EU regulatory framework, PSD2/ PSD3/PSR Compliance, digital payment security

How to cite

HORATAU, Ionut (2025). ENHANCING ECONOMIC RESILIENCE THROUGH SECURE FINTECH PAYMENTS: A LEGAL AND REGULATORY ANALYSIS UNDER THE EVOLVING EU FRAMEWORK. Journal of Financial Management and Economics, 13(1), 203-220. DOI: 10.65672/jfme.2025.1.19.

RePEc record

Handle: Repec:vls:rojfme:v:13:y:2025:i:1:p:203-220