SEPA (Single Euro Payments Area)
The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union that simplifies euro-denominated bank transfers across participating European countries. SEPA transfers utilize IBANs to standardize transactions, treating domestic and cross-border transfers within the eurozone identically.
Aliases: Single Euro Payments Area
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).