Happy tenth anniversary to SEPA payment scheme!
Ten years ago, the European Payments Council (EPC) launched the very first Single Euro Payments Area (SEPA) payment scheme, for credit transfers.
All national euro credit transfer schemes of the countries had to be progressively replaced by the pan-European one, to harmonise credit transfer rules in Europe.
“Ten years after the launch of the scheme, SEPA is truly anchored into our daily payment habits,” the EPC states. “The journey towards fully standardised European payments is far from over, with new challenges arising from the digitalisation of our society. We hope the next ten years will be as fruitful for as the last ten ones have been.”
The EPC has put together ten facts and figures celebrating SEPA’s achievements: