📢 Serbia🇷🇸 joins the SEPA system

📢 Serbia🇷🇸 joins the SEPA system

Serbia’s accession to the SEPA system is now official. This move is part of the “Growth Plan for the Western Balkans,” an EU initiative aimed at promoting the economic and social integration of countries in the region into European structures.

➡️ From now on, payment service providers based in Serbia will be able to join the various SEPA schemes, administered by the European Payments Council (EPC).

➡️ These schemes include SEPA Credit Transfer, SEPA Instant Credit Transfer, and SEPA Direct Debit, which together facilitated over 50 billion transactions across 36 countries over the past year.

➡️ Additional context: The European Payments Council (EPC) is an international, independent, non-profit organization comprising 83 members, including payment service providers and industry associations. Founded in 2002 by the European banking sector, its mission is to develop and promote standardized tools for euro-denominated electronic payments. Today, approximately 4,000 banks and financial institutions take part in SEPA schemes.

#news #Europe

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