An initiative by European banks to harmonise transactions within the EU – will officially launch next Monday. The Single European Payments Area (SEPA) aims to make all electronic payments within the euro zone (which the UK is not part of) as simple as domestic transactions, including eliminating fees associated with these transactions. Unfortunately, the initiative is still only in its early stages and SEPA itself is a voluntary concept with no European legislation specifying that countries must follow its guidelines. However, In the future, Irish businesses trading within the EU will be able to accept debit cards from other countries, not just credit cards.
Topics
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
November 4
Boston
Buy One Pass, Get a Second Free
Cover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for free
Book before the BOGO deal expires