Rasmus Kjeldahl

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Last quote by Rasmus Kjeldahl

In the short run, SEPA won't make a lot of difference to European consumers. We can hope that in the longer run it will mean more competition in the banking sector and perhaps lower charges for consumers, but there is also a danger that the process will move very slowly, and that banks would resist making the changes, and we might end up with a European payment system which is even more expensive than the one we have today.feedback
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Jan 28 2008
Rasmus Kjeldahl has most recently been quoted in an article called SEPA harmonises bank transfers, aims to lower costs. Rasmus Kjeldahl said, “In the short run, SEPA won't make a lot of difference to European consumers. We can hope that in the longer run it will mean more competition in the banking sector and perhaps lower charges for consumers, but there is also a danger that the process will move very slowly, and that banks would resist making the changes, and we might end up with a European payment system which is even more expensive than the one we have today.”.
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