EU
Consumers and businesses to save money thanks to new EU cross-border payments rules
Consumers and businesses in non-eurozone member states will now enjoy cheaper cross-border payments in euro. New EU rules will ensure that all cross-border payments in euro in non-eurozone member states – Bulgaria, Croatia, Czechia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, Sweden – will be priced the same as domestic payments.
Executive Vice President Valdis Dombrovskis, responsible for an Economy that Works for People, said: “These rules will allow all our citizens and companies to equally benefit from cheap cross-border euro payments. This is a positive and concrete example of how the Single Market can bring real benefits to European consumers. For instance, a family in Romania that wants to send money in euro to their child doing an Erasmus exchange in Paris will no longer have to factor in additional costs, as they will now be paying the same fee as for a domestic transaction in Romania.”
The Commission will closely monitor the application of these rules, and will liaise closely with competent national authorities to ensure that they are implemented correctly.
A press release is available here.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Counterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims
Libya’s fuel crisis offers lessons for energy security on both sides of the Mediterranean
EU Cybersecurity Act could expose member states to costly investment treaty claims, legal opinion warns
Spring semester package: Steering EU economies to increased competitiveness
In space, we can’t defend what we can’t see
Kazakhstan seeks deeper EU partnership in science, education and innovation
Outrage of Iranian exiles and opposition of MEPs to inviting Reza Pahlavi to the European Parliament
OceanEye: Placing the EU at the forefront of ocean observation
EU Drugs Agency warns of new health risks, including a rising trend in ketamine use
Commission imposes interim measures on Meta to preserve free access to WhatsApp for rival AI assistants
Debt, AI and Algorithms: How the bond market is being reshaped
EDF’s first-ever FSTP sub-call attracts strong interest from newcomers to EU defence funding
EU implements Palestine facility with $395 million for local banks and €2.1 million in technical assistance
EU exports of shark fins dropped in 2025
Commission approves €23 billion Italian state aid scheme to support renewable electricity production
Justice and Home Affairs Council
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
US 'no longer' an 'unconditional ally' for Europe - MEP
-
Health5 days agoCounterfeit cigarettes drive illicit tobacco trade to highest level in a decade, new study claims
-
Libya4 days agoLibya’s fuel crisis offers lessons for energy security on both sides of the Mediterranean
-
Law4 days agoEU Cybersecurity Act could expose member states to costly investment treaty claims, legal opinion warns
-
European Commission5 days agoSpring semester package: Steering EU economies to increased competitiveness