The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can MAKE and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their LOCATION within Europe. SEPA COVERS 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.

SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently STILL separate national payments markets.

The Single Euro Payments Area, or SEPA, is an area in which consumers, companies and all other users of payment services can make and receive payments in euro under the same conditions and with the same rights and obligations, regardless of their location within Europe. SEPA covers 34 European countries: the 28 Member States of the European Union, as well as Iceland, Norway, Liechtenstein, Switzerland, Monaco and San Marino.

SEPA is also defined as an industry project and a political process, which both aim to remove the legal, commercial and technical barriers that currently still separate national payments markets.