Decree-Law n.º 317/2009, of October 30, implemented Directive n.º 2007/64/EC, of the European Parliament and of the Council, of November 13, regarding the payment services in the internal market.

The referred Decree-Law establishes the rules of access to the payment services activity, as well as the conditions of access and activity of the payment institutions, which correspond to the new type of payment service providers introduced by the Directive.

In addition, are also established the rules regarding the contractual rights and obligations of the users of payment services and of the payment services providers, as well as the respective pre-contractual and post-contractual information duties.

This new legal framework has entered into force on November 1, 2009.
The payment services providers must adapt their payment services contracts, in force prior to the new legal framework, within six months.