The SEPA (Single Euro Payments Area) is the area in which citizens and companies can make and receive payments in euros within and outside state frontiers, under equal conditions and with the same rights and obligations, regardless of the member state where the payments were processed, in line with the Community Directive on Payment Services.
The Single Euro Payments Area was born from the initiative of the Banking Sector and pushed forward by the European Central Bank and the European Commission. It represents a step further towards European integration after the introduction of the euro. It also means that, just as we can now make and receive payment with Euro coins and notes, we will be able to make transfers and present invoices with the same ease, security and efficiency.
The Single Area embraces 34 States: the 27 member States of the European Union, alongside Iceland, Liechtenstein, Monaco, United Kingdom, Norway and Switzerland.
The implementation of SEPA has led to the creation of new infrastructure for bank transfers and direct debits and new standards for card payment systems.\n\nCaixaBank is fully compliant with SEPA regulations to guarantee compliance and offer its customers a personalised service made up of expert teams.
