posted 19th March 2024
What the EU is doing and why
An efficient market for retail payment services in Europe should guarantee
- the same rules all over the EU
- clear information on payments
- fast and instant payments
- consumer protection
- a wide choice of payment services
The EU is aiming to create a single payment area
- which lets citizens and businesses make cross-border payments as easily and safely as they would in their own countries
- where cross-border payments are subject to the same charges as domestic payments