The NBM announced the entry into force of the national standard for Open Banking—a key element in the process of modernizing Moldova’s financial infrastructure
As noted in a statement by the National Bank of Moldova (NBM), starting March 20, a unified and secure technical platform is available that allows bank accounts to be linked to external financial applications with the user’s consent and facilitates effective interaction between payment service providers (banks and non-banking organizations) and providers of innovative FinTech solutions. Anca Dragu, Governor of the National Bank of Moldova, emphasized the significance of this progress in the context of compliance with European standards. According to her, the introduction of the national standard for Open Banking marks an important milestone in Moldova’s digital transformation process. This approach fosters an environment where access to financial data occurs under secure conditions, with the user’s consent, and opens new opportunities for the development of innovative services. At the same time, it supports competition and the consolidation of a modern and transparent financial system adapted to the requirements of the digital economy. The standard complies with the provisions of the European PSD2 Directive and requires the 15 licensed payment service providers in Moldova to provide authorized third parties with dedicated application programming interfaces (APIs) under regulated and secure conditions. As noted by the NBM, the implementation of Open Banking allows users, based on explicit consent, to access integrated financial services, such as viewing accounts held at different institutions within a single application or initiating payments directly from third-party applications. These features contribute to the development of faster, more accessible, and better-tailored services. Adopting the standard creates a level playing field for all market participants and facilitates market entry for new players, including local startups. In this context, the NBM encourages the development of innovative solutions that support the efficiency of financial services and meet user needs. // 20.03.2026 — InfoMarket
