Changes in Banking Payments by 2025
December 27, 2024
Starting in January 2025, banks in the Eurozone will offer fast payments with lower fees for all citizens. Money transfers will be completed in 10 seconds and the costs will be the same for domestic and cross-border transactions. Additionally, an application will be introduced that allows free instant transfers via mobile, making it easier for users. These changes aim to increase competition and innovation in the payments sector.