Regulatory changes payment services 2018 Austria

The Austrian Federal Ministry of Finance has published a draft for the Zahlungsdienstegesetz 2018, the Austrian law regulating payment services.

The most relevant change for the telecommunications industry is a new definition of the so called "Telekom-Ausnahme", the telecommunications execption.

Further information regarding the draft is available on the webpage of the Austrian parliament (German only!):

Implementation is scheduled for 13th January, 2018.


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The customer is in spite of handing out this information obligated to gather all necessary information about the legal and regulatory provisions and the Code of Conduct of the particular country himself.

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