n 2023, preparations for the recodification of payment services culminated in the proposal of a new Payment Services Directive, this time referred to as PSD3. In addition, the European Commission (the "EC") has drafted a Payment Services Regulation that will define the basic frameworks for the provision of payment services and its provisions will not be adaptable to national requirements within EU countries. The present paper focuses on the impact of the new expected regulation of payment services not only on market players as consumers or business entities, but especially on their providers, with a focus on non-bank payment service providers. The authors base their research on the hypothesis that the implementation of the new legislation will level the legal playing field between bank and non-bank providers of payment services.