NextGenPSD2
The Berlin Group's common API framework for access to accounts under PSD2, used widely in the European Union.
NextGenPSD2 is the Berlin Group's common API framework for access to payment accounts under PSD2, covering account information, payment initiation and confirmation of funds. It is used by many banks across the European Union, often with national variations, to provide the dedicated interface that PSD2 requires. Agent builders working with European banks will usually meet it, directly or through an aggregator.
Agent Minute explains this term on 7 January 2027.
Related terms
Open bankingCustomers letting authorised third parties access their payment account data and initiate payments through secure APIs.UK Open Banking StandardThe UK's API specifications, security profile and customer experience guidelines for open banking.Account information serviceAn online service providing consolidated information on a user's payment accounts held with other providers.Payment initiation serviceA service that initiates a payment order at the user's request from an account held at another provider.