SEPA: Sepa set to change the eurozone

Avine McNally of the SFA has warned that some businesses are still behind the curve when it comes to Sepa legislation.

24th November, 2013
Avine McNally, acting director of the Small Firms Association: from February 1, 2014, you can make fast and secure transfers between bank accounts anywhere in the eurozone.

With the euro we can pay by cash anywhere in the eurozone just as easily as at home, but at present it's not as convenient to pay for goods or services electronically in another eurozone country, but all that is about to change.

The Single Euro Payments Area (Sepa) will make all electronic payments in the eurozone more seamless and transparent. It will mean that from February 1, 2014, you can make fast and secure...

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