SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures in Europe. SEPA members can make national or cross-border transfers and direct debits in any of the 36 SEPA member countries in less than 48 hours.

What is SEPA?

Related definitions

ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

CSV

CSV is a file format that can be created or modified in Excel. Rather than…

SEPA zone

The SEPA comprises 36 member countries: the 28 countries of the European Union, the 5 European micro-states, …

SDD

SDD stands for SEPA Direct Debit. It enables the collection of payments in euros in the 36 member countries of

PSD2

PSD2 is a directive introduced by the European Parliament to harmonize payment regulations within the European Union.

SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

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SEPA

SEPA

What is SEPA?

Related definitions

ISO 20022

CSV

SEPA zone

SDD

PSD2

SCT

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