What Is SEPA In Banking — Exscudo Blog

SEPA Definition And Overview

  • It was the initiative of the Banking Sector. Other driving forces behind it are the European Central Bank and the European Commission.
  • The SEPA initiative was to contribute to further European integration after the euro introduction.
  • Due to SEPA, people can transfer euros with the same ease they exchange euro coins and banknotes.
  • SEPA now includes 36 member states.
  • SEPA does not apply to currencies other than EURO.
  • The legal basis for the SEPA establishment was the Payment Services Directive. The EU passed this directive in 2007.
  • SEPA-based transfers replaced national payments in 2011.
  • There over 19 bln SEPA credit transfers (STC) and more than 20 bln SEPA direct debits (SDD). We will explain both payment schemes later.

What Is SEPA Payment: The Goals

SEPA Members

What Is SEPA Transfer In Banking And How It Works

SEPA Instant Credit Transfer (SICT)

What Is SEPA Direct Debit (SDD)

SEPA transfers: Benefits For Businesses

SEPA transfers: Benefits For Individuals

SEPA And Cryptocurrency Exchanges

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
NIMERA

NIMERA

One ecosystem to manage all things crypto. | Nimera Swap | Multibroker | Channels Wallet | Crypto Acquiring | Powered by multi-core Nimera Blockchain |