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Paying by credit and debit cards should be cheaper and easier, says Brussels (Photo: www.freeimages.co.uk)

EU countries to scrap extra charges for cross-border payments

EU finance ministers have unanimously supported a new package of rules for making payments across the union without extra charges. The move could lead to cross-border payment transactions costing the same as payments within one member state.

The so-called Payment Services Directive, adopted on Tuesday (27 March), provides the legal framework for a single payments area - with no national barriers to impede companies from offering their services across borders and no extra fees for consu...

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Paying by credit and debit cards should be cheaper and easier, says Brussels (Photo: www.freeimages.co.uk)

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