Single Euro Payments Area

(SEPA).

The area within which businesses and individuals can make and receive payments in euro, 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.

The area covers the European Union Member States plus other countries and territories including Iceland, Norway, Liechtenstein, Switzerland, San Marino and Monaco.

See also

• Euro Banking Association
• EC Directive 2007/64/EC
• European Payments Council
• European Union
• EMEA
• Instant Credit Transfer Scheme
• SEPA credit transfer
• SEPA direct debit
• Payments and payment systems
• PSD2
• RT1