Tag: European Parliament
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European Parliament adopts new instant money transfer rules
European Parliament Adopts New Instant Money Transfer Rules By [Your Name] The European Parliament recently passed new regulations aimed at modernizing and streamlining the money transfers system across the European Union. These new rules will greatly benefit consumers, businesses, and financial institutions by enabling instant money transfers within the Eurozone, enhancing efficiency, and reducing costs.…
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The European Parliament to update SEPA legislation
The European Parliament has announced plans to update the Single Euro Payments Area (SEPA) legislation in order to enhance cross-border payments within the European Union (EU). SEPA was introduced by EU authorities in 2008 with the aim of harmonizing and simplifying electronic euro payments. It allows individuals and businesses to make cashless payments in…