The Low Down: Business tips for SMEs

This week: Single Euro Payment Area (Sepa)

26th January, 2014
Sean Fitzgerald of Sentinel.

The Single Euro Payment Area will make the process of paying in euro the same wherever you operate within Europe. As well as harmonising the mechanisms used to make payments the intention is to stimulate competition between banks across Europe with the aim of reducing the cost of making any payment.

Penalties can be imposed on both banks and businesses if they do not comply, and businesses that do not make the change over by...

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