Payment aggregation services definition
Payment aggregation services means technical services as defined in Article 3(j) of Directive (EU) 2015/2366 of the European Parliament and of the Council, which enable any business activity set out in annex I of Directive (EU) 2015/2366 of the European Parliament and of the Council within the framework of contracts between payment aggregation services providers and third- party providers.
Payment aggregation services means technical services within the meaning of article 3(j) of Directive (EU) 2015/2366 of the European Parliament and of the Council allowing end users to initiate and execute payment services within the meaning of article 4(3) of Directive (EU) 2015/2366 of the European Parliament and of the Council provided by one or more Payment Service Providers on the basis of a contractual relationship between the payment aggregation service provider and the payment service providers whose payment services are aggregated.
Payment aggregation services means the facility to accept various Payment Instruments from the Customers for completion of their payment obligations without the need for Merchants to create a separate payment integration system of their own;