Valid from 1 February 2014.
The basic aim of SEPA is the practical removal of the boundaries for the execution of cashless payments in Euro.

Within SEPA consumers, businesses and other economic operators, therefore, will be able to send and receive payments in Euro, whether within a country or between countries, under the same basic conditions, rights and obligations, and no matter in which country they have held a payment account. A direct result of the implementation of the SEPA payment instruments will be the replacement of the currently used domestic payment instruments, in particular for credit transfers and direct debits with common SEPA payment instruments. SEPA payments will be carried out according to the same rules, the same procedures and in accordance with the same standards in all SEPA countries.

What is the consequence for your company?

Contact us:

Zuzana Motyčáková - zuzana.motycakova@mazars.sk