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SEPA

SEPA

SEPA is the Single Euro Payment Area set up by European institutions in 2002 to simplify and harmonize payment procedures in Europe. SEPA members can make national or cross-border transfers and direct debits in any of the 36 SEPA member countries in less than 48 hours.

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PSD2 is a directive introduced by the European Parliament to harmonize payment regulations within the European Union.

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ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

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SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of

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