Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-234-437"
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"en.20120214.15.2-234-437"2
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This report sets out to establish the technical requirements for credit transfers and direct debits in euros. It proposes the creation of an internal market for payment services in euro (Single Euro Payments Area, or SEPA), with no distinction between national and cross-border payments. The integration of European payment markets is sure to yield countless economic benefits, such as:
• Increased competition and innovation;
• Reduction in the fees charged (payment charges at the expense of customers and businesses);
• Faster transactions (cross-border payments will be as simple as national payments).
This regulation thus promises to bring about a harmonisation and constant lowering of the fees charged in the market, ensure a level playing-field among payment service providers and inject greater dynamism into the market, to the advantage above all of consumers and businesses. For these reasons, I have given my vote to this report."@en1
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