What is Account Servicing Payment Service Provider (ASPSP)? | European Merchant Bank

Account Servicing Payment Service Provider (ASPSP) is a financial institution that provides a payment account with online access.
Account Servicing Payment Service Providers (ASPSPs) use APIs with “read-write” access to financial data. This enables trusted third parties to view and initiate payments with the user’s consent.

00:00 Intro
00:02 What is Account Servicing Payment Service Provider?
00:08 Why do ASPSPs use APIs?

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