You can see the rules and regulations in other jurisdictions.
Payment services are regulated under the Payment Services Act, implementing PSD II. Certain services, such as issuing payment instruments or providing money transfers, are regulated and require a payment services licence.1
Exemptions as outlined in PSD II also apply in Austria. The most important exemption relates to the provision of payment services in a limited network. This means, for example, where a payment instrument is only accepted by very few vendors for a specific product (e.g., gas payment cards issued by gas station operators for payment of gas only) or by one vendor for a limited number of products or services or in a limited number of places (e.g., its stores), the issuance of such instruments will not necessarily trigger licensing requirements.1
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