As someone from Bulgaria, I am really glad they are doing this. At the moment it would cost me 10 EUR to make a SEPA payment from my bank to another country in

As someone from Bulgaria, I am really glad they are doing this. At the moment it would cost me 10 EUR to make a SEPA payment from my bank to another country in the Eurozone. A few years ago when SEPA was first introduced I was able to make the same payment from the same bank with just a 2 EUR fee. Banks were not happy that people turned away from SWIFT so they simply raised the SEPA fees. I am glad that Transferwise and other fintech companies are able to offer cheaper payments but I would still prefer the banks to have a reasonable fee in the first place. It's very similar to the EU mobile roaming situation that took years to get better but is now very convenient and I don't need to buy prepaid SIM cards whenever I visit another EU country.