SEPA

SEPA, or the Single Euro Payments Area, is a system that allows people and businesses within participating European countries to send and receive euros easily and efficiently, as if they were using a domestic bank transfer. It standardizes payment methods, reducing costs and complexity, making cross-border euro transactions as simple as making a local payment. This promotes smoother trade, travel, and financial interactions across Europe, increasing convenience and efficiency for both consumers and businesses within the SEPA zone.