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Fintech Market Overview

This article does not constitute legal advice.

Payment services in Austria

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Payment services are governed by the Payment Services Act, which implements PSD II. Certain services, such as issuing payment instruments or providing money transfers, are regulated.1

Exemptions as outlined in PSD II also apply in Austria. Of particular note is the instance of limited payment networks; for example, where a payment instrument may only be used with certain vendors for a certain product (e.g., fuel cards from gas station operators which can only be used to pay for fuel), or with just one vendor for limited products/services, or in a bounded location (such as their own stores). In such cases, the regulation process does not necessarily come into play.1

Cryptocurrencies in Austria

Fintech in Austria

Fintech in other countries

Let's introduce you

Austrian Fintech Lawyers

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Denis Polyakov

Denis Polyakov

Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities

Silvia Calls

Silvia Calls

We work for international SMEs, startups and Telco's

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/austria
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