SEPAyleistä
SEPA, the Single Euro Payments Area, is a payment-integration initiative designed to make euro-denominated payments across participating countries as easy, efficient, and inexpensive as domestic payments. Its aim is to standardize rules, procedures, and technical formats so that a cross-border euro transfer is processed with the same ease as a domestic transfer. SEPA covers euro transfers within its area and, to a growing extent, allows payments to be initiated from non-euro accounts in SEPA member states.
The core SEPA instruments are the SEPA Credit Transfer (SCT) and the SEPA Direct Debit (SDD), including
The European Payments Council (EPC) coordinates SEPA schemes, with participation from banks, payment service providers, and
Benefits of SEPA include lower cross-border costs, faster processing, increased competition among payment service providers, and