Payments News

On The Web

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Global

Happy tenth anniversary to SEPA payment scheme!

““Ten years after the launch of the scheme, SEPA is truly anchored into our daily payment habits,” the EPC states. “The journey towards fully standardised European payments is far from over, with new challenges arising from the digitalisation of our society. We hope the next ten years will be as fruitful for as the last ten ones […]
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Global

Revolut adds direct debits in Europe

“Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. While Revolut  is currently applying for a banking license, the company has already been adding everything you need to replace your bank account with a Revolut account…Back in July 2017, Revolut […]

On The Wires

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Global

A better deal for consumers: Cheap euro transfers everywhere in the Union and fairer currency conversions

“Today’s proposal aims to extend this benefit to people and businesses in non-euro countries. This will allow all consumers and businesses to fully reap the benefits of the Single Market when they send money, withdraw cash or pay abroad. All intra-EU cross-border payments in euro outside the euro area will now be priced the same […]