SEPA stands for the Single Euro Payments Area in which domestic and cross-border payments made in EUR are all handled following the same regulations. The long-term aim here is to put an end to any differentiation between national and cross-border payments within Europe.
SEPA enables borderless payments throughout Europe by using uniform payment transaction instruments and standards. The aim here is to allow cashless payments in 33 European states to be effected simply, securely and efficiently, just like domestic payments are made today.
SEPA gives your company new opportunities and enables you to
- Execute a direct debit on a Euro account anywhere within SEPA
- Overall, SEPA gives you faster and easier transfers with lower costs
In order to use SEPA Credit Transfers and SEPA Direct Debit payments, you have to adjust your payment solution. Danske Bank is ready to advice you on the strategic impact of SEPA and how to implement the best SEPA strategy for your company.
Read more here:
SEPA – general information