Activities and Services

According to what is established in Law 8/2018, May 17th, on payment and electronic money services [Llei 8/2018, del 17 de maig, dels serveis de pagament i el diner electrònic (Llei 8/2018)], payment services are understood as:

• The services that allow the deposit of cash in a payment account, as well as the necessary operations to manage payment accounts;

• The services that allow the withdrawal of cash from a payment account, as well as the necessary operations to manage payment accounts;

• The execution of payment transactions, including funds transfers, through a payment account, to the user’s payment service provider or another payment service provider:
  
  • Execution of direct debit payments, including non-recurring direct debits
  • Execution of payment transactions through a payment card or a similar device,
  • Execution of money transfers, including permanent orders;

• The execution of payment transactions in which the funds are covered with an open line of credit for a payment service user:
  
  • Execution of direct debit payments, including non-recurring direct debits
  • Execution of payment transactions through a payment card or a similar device,
  • Execution of money transfers, including permanent orders;

• The issuance of payment instruments and/or acquisition of payment transactions;

• Money transfers;

• The payment initiation services; and

• The account information services.