SEPA

The Single Euro Payments Area (SEPA) initiative for the European financial infrastructure involves the creation of a zone for the euro in which all electronic payments are considered domestic, and where a difference between national and intra-European cross border payments does not exist. The project aims to improve the efficiency of cross border payments and turn the fragmented national markets for euro payments into a single domestic one: SEPA will enable customers to make cashless euro payments to anyone located anywhere in the area using only a single bank account and a single set of payment instruments.(1)

Within the framework of SEPA (Single Euro Payments Area), ELITT’s services are available to all European and global banks and payment schemes. Our active participation in the definition of the SEPA protocols and specifications, places ELITT at a unique position to share our knowledge and assist our international clients in the implementation of the regulations this ambitious project.


(1) - Source: European Central Bank