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 and acquisition of payment instruments;

  • Money transfers;

  • The execution of payment transactions in which the consent of the ordering party to execute a payment transaction is transmitted through any digital or IT telecommunication device, and the payment is made to the network operator, telecommunication or computer system which acts solely as an intermediary between the payment service user and the provider of goods and services.