The Single Euro Payments Area (SEPA) is an initiative of the European banking industry that will make all electronic payments across the euro area – e.g. by credit card, debit card, bank transfer or direct debit – as easy as domestic payments within one country are now.
At European level
The SEPA project is strongly supported by the European Commission and the European Central Bank.
The Payment services directive provides the necessary legal framework for SEPA, as well as for better payments in all EU countries.