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Introduction on payment services/e-money

In: EU Banking and Financial Regulation

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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.

Suggested Citation

  • ., 2024. "Introduction on payment services/e-money," Chapters, in: EU Banking and Financial Regulation, chapter 53, pages 524-527, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21982_53
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035301959.00073
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    Law - Academic; Law - Professional;

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