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Subsection 5: Obligations applicable to instruments reserved for small-value payments

Article L314-16 of the French Monetary and Financial Code

I. – Where the payment transaction is executed using an instrument referred to in Article L. 133-28, the payment service provider may provide the payer, on paper or on another durable medium, only with information on the main features of the payment service, including the way in which the payment instrument may be used, liability, charges levied and other specific information needed to make an informed decision, as well as…

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