It should remove obstacles that have been hindering non-banks from entering the payments service market. In particular, banks will not be allowed to reject access of third party service providers to the accounts that they hold. More indirectly, the provisions in PSD2 may also push banks to innovate in order not to be forsaken by customers in favour of non-bank payment service providers.
*  *  *  By dint of economic policies suited to our circumstances the Barbados economy has been kept stable ever since the onset of the global economic recession, now seven years ago. Foreign exchange reserves have been protected by fiscal contraction to reduce spending and importation, to ensure the balance between inflows and outflows of foreign exchange is maintained.