SEP

SEP, or the Standardized European Payment system, is a method designed to make transferring money across European countries easier and more efficient. It facilitates fast, secure, and reliable bank transfers within the Eurozone by standardizing procedures and technical standards. This system helps individuals and businesses send and receive funds across borders seamlessly, often completing transactions within a day. By harmonizing payment processes, SEP promotes a more integrated and efficient European economy, reducing costs and administrative barriers associated with international transfers.