The study on the Payment Services Directive (PSD) and the Cross-Border Payments Regulation focuses on examining the effects of the fees and charges for cross-border payments. The study covers pricing to a large extent and also the scope of the PSD and Cross-Border Payments Regulation and the impact on innovation. The study starts by looking who benefits from the PSD and then continues by analyzing the PSD and the existing market for payment services. More particularly, the study makes reference to payment services provided by credit institutions, electronic money institutions and post office institutions. The payment institutions are also subject to analysis in this study as well as the impact of this Directive and Regulation. Some further analysis is presented on the market structure and prudential rules, transparency, rights and obligations under the PSD and Cross-Border Payments Regulation.