EBU Single Rulebook Q&A 21 April 2020 2020_5216 Money Remittance

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European Union · · · 18-03-2022

Where an entity accepts payment on behalf of a payee (such as a debt collector and the debt due to the payee is extinguished upon receipt of payment by the debt collector), is it correct to say that this does not constitute Money Remittance? (i.e. there is no need to rely on the commercial agency exemption since there is no payment service being provided).

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