Single Euro Payments Area (SEPA)

What is Single Euro Payments Area (SEPA)?

Single Euro Payments Area (SEPA) definition and meaning on Finance terms:
A process initiated by European banks and supported, inter alia, by the Eurosystem and the European Commission with a view to integrating retail payment systems and transforming the euro area into a true domestic market for the payment industry. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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