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.
Firstly, the growing deficit in the current account of the balance of payments had to be reversed, particularly after it became evident that the country could not rely on a permanent and sustainable large capital inflow from the rest of the world to cover an everincreasing current deficit.