EU to cut price of cross-border euro payments
Amended law will also give customers information on currency conversion charges
The cost of payments made in euros by parties in non-eurozone European Union countries will fall from December next year, after a vote by lawmakers.
The EU parliament voted on February 14 to amend the EU’s cross-border payments regulation in order to lower the cost of transactions made in euros between parties in different EU countries.
The parliament’s vote accepted proposals made in March 2018 by the European Commission, the EU’s permanent civil service. The EC said the amended regulation
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