(3)High charges for cross-border payments remain a barrier to the full integration of businesses and citizens in non-euro area Member States into the internal market, affecting their competitiveness. Those high charges perpetuate the existence of two categories of payment service users in the Union: payment service users that benefit from the single euro payments area (SEPA), and payment service users that pay high costs for their cross-border payments in euro.
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New version applies from 19/08/2021 — introduced by Regulation (EU) 2021/1230.
16 provisions change.
Recital 3 is deleted from 19/08/2021.