Licensing And Supervision Of Payment Institutions

Question 1: What are Payment Services?

1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account
2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account
3. Execution of payment transactions, including transfers of funds on a payment account with the user's payment service provider or with another payment service provider:
   1. Execution of direct debits, including one-off direct debits
   2. Execution of payment transactions through a payment card or a similar device
   3. Execution of credit transfers, including standing orders
4. Execution of payment transactions where the funds are covered by a credit line for a payment service user:
   1. Execution of direct debits, including one-off direct debits