EU pitched for Turkey to join its payments system, envoy says

The EU proposed Turkey joining its cost-cutting payments system to enhance integration and support cross-border remittances.

Source: Reuters (via feed)




The European Union pitched to Turkey the idea of joining its payments system. This proposal occurred last month, according to the EU envoy to Ankara. Turkey is a candidate for EU membership.

The EU envoy said the system aims to support integration efforts. It also intends to benefit those who send money abroad.

BizTrendWire Insight:

The EU has formally proposed to Turkey the possibility of joining its payments system. The envoy to Ankara communicated this proposal focused on integration support.


Read full story on Reuters

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