Tag: SEPA legislation

​ The European​ Parliament has announced plans to update the Single Euro Payments Area (SEPA) legislation in order to enhance cross-border payments within‍ the European Union (EU). SEPA was introduced by EU ‌authorities ⁢in 2008 with ‍the aim​ of harmonizing and simplifying electronic euro‌ payments.⁣ It allows individuals and businesses to ⁢make​ cashless payments in…