The Single European Payments Area (SEPA) for credit transfers was launched this week, with the European Commission (EC) predicting potential savings of £268bn over the next six years. Businesses in the Eurozone (i.e. the 15 nations that use the euro currency) should start to see faster and cheaper payments as of 28th January, as the new “SEPA Credit Transfer” service is launched.
SEPA goes live!
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