Andorra's Ministry of Finance reported that the Government has approved amendments to the regulation governing payment service providers, aiming to facilitate payments between Andorra and European Union countries while strengthening user protection and transparency. The changes are framed as part of Andorra’s commitment to align its rules with European Union requirements arising from the 2011 Monetary Agreement. The reform updates Andorra’s 2018 framework to reflect more recent EU standards, with measures intended to support easier and more automated euro credit transfers and direct debits within the Single Euro Payments Area. It also introduces requirements to ensure clear information on fees and currency conversion options, so that citizens and businesses have the necessary information before initiating transactions.
Ministry of Finance (Andorra) 2025-11-19
Andorra's Ministry of Finance amends payment service provider rules to streamline SEPA euro payments and improve fee and FX transparency
Andorra's Ministry of Finance has approved amendments to the regulation for payment service providers to enhance payments between Andorra and EU countries, aligning with EU standards from the 2011 Monetary Agreement. The reform updates the 2018 framework to facilitate euro credit transfers and direct debits within the Single Euro Payments Area, and mandates clear information on fees and currency conversion options.