Introduction on payment services/e-money

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Chapter 53 in EU Banking and Financial Regulation, 2024, pp 524-527 from Edward Elgar Publishing

Abstract: The introduction of the euro in 1999 was driven, among other reasons, by the need to increase price transparency; reduce exchange rate fees, which were otherwise borne by enterprises doing business across European national borders; and enhance competition. These goals could not, however, be achieved if banks in different Member States applied different approaches to payment services and the costs of cross-border payments significantly exceeded the costs of domestic payments.

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
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