Why are eurozone payments not categorized as cross-border payments?

Eurozone payments are not categorized as cross-border payments primarily because they involve a single currency and regulatory environment. The eurozone comprises countries that have adopted the euro as their official currency, allowing for seamless transactions between these nations without the need for currency conversion. This single currency facilitates trade and payments, leading to a more integrated financial system within those member countries.

Additionally, all eurozone members operate under the same regulatory framework provided by the European Central Bank (ECB) and various EU regulations. This unified approach to monetary policy and financial regulation further simplifies transactions, distinguishing eurozone payments from true cross-border payments, which typically involve multiple currencies and different regulatory environments.