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It will be easier to make cashless payments across the bloc (Photo: www.freeimages.co.uk)

EU demolishes financial walls in single market

The EU is one step closer to a single European payment area after the European Parliament backed plans for new rules to make cross-border payments with debit or credit cards across the bloc as easy as domestic payments.

MEPs gathering in Strasbourg this week adopted on Tuesday (24 April) a report by French centre-right MEP Jean-Paul Gauzes on "payment services in the internal market."

EU finance ministers already endorsed the new rules when they met in Brussels last month paving t...

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It will be easier to make cashless payments across the bloc (Photo: www.freeimages.co.uk)

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