What is SEPA?

SEPA is short for Single Euro Payments Area – a standard for transmitting euro payments across Europe. This standard was created with a mission of simplifying euro transactions, facilitating cross-border business and building a stronger economy across the European Union. At the moment the SEPA region consists of all the EU members as well as some other countries (currently: Iceland, Liechtenstein, Monaco, Norway, San Marino, Switzerland and Great Britain).

When people talk about SEPA payments they are usually referring to quick and low-cost payments across the eurozone. These types of payments are supported by most local European banks. Some of the banks and financial institutions are also members of SEPA Instant which allows making euro payments in mere seconds, 24/7.

At MultiPass we offer our customers both SEPA and SEPA Instant along with other global and local payments methods.