EU Invites Turkey to Join SEPA to Cut Payment Costs
The EU proposed Turkey join its SEPA payment system to cut cross-border transfer costs. The move aims to boost economic ties and benefit the Turkish diaspora.
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The European Union has formally proposed that Turkey join its integrated payments network, a move intended to reduce transaction costs and foster closer economic cooperation between the bloc and the candidate nation. Jurgis Vilcinskas, the EU’s chargé d’affaires in Ankara, revealed that European Commissioner for Enlargement Marta Kos discussed the initiative with Turkish Foreign Minister Hakan Fidan during a high-level meeting in February.
