It modifies the concept of e-money to embrace all the different possible forms (card-based and server-based) and allows future electronic money institutions to do business under a regime analogous to that covering payment institutions under the PSD, as regards both the types of activities they can engage in and the possibility of combining payment and commercial services.
This could produce a fully competitive market situation, propitious to the rapid technological advance of the competitive frontier, with direct benefits for the quality of services.