Single Euro Payments Area

(SEPA).

The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.

SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework.

It covers the European Union Member States plus other countries and territories including Iceland, Norway, Liechtenstein, Switzerland and Monaco.

See also

• EC Directive 2007/64/EC
• European Payments Council
• European Union
• EMEA
• SEPA credit transfer
• SEPA direct debit

Other links

• SEPA Quiz, ACT, February 2013

• Making cost effective payments in the EU, The Treasurer, September 2012

• SEPA report: It's coming, ready or not, The Treasurer, September 2012