SEPA product card

published on 18.12.2015
SEPA product card

Since the 1st of August 2014, all your Euro payments performed from Euro-based countries towards the SEPA area (33 countries) must follow the SEPA Regulation. This big step towards a single domestic market being achieved, the next challenges are yet to come:

  • By February 2016, countries that declared niche products will replace these products either by integrating them into existing schemes or by introducing Additional Optional Services (AOS). This will come together with the expiration of waivers that still allow the use of non-XML formats in some countries (e.g. Italy, Portugal, Spain).
  • By October 2016, all non-Euro countries will have to migrate to SEPA as well, but only for their transactions in Euro.

BNP Paribas has the largest European footprint and moreover the largest domestic footprint within the SEPA European countries. We are delivering global solutions while also handling individual market specifics.

This allow us to offer pan-European players a harmonised offer across the SEPA area, allowing the standardisation of their treasury and payments activities. On top of that, treasurers wishing to leverage on local market specificities will also find the related features in our product offer.

SEPA is supported by two main means of payment:

  • SEPA Credit Transfer
  • SEPA Direct Debit

Consult the PDF in order to have full details.

the brochure

The SEPA migration was a big step towards achieving a single domestic market. Nevertheless, there a still some challenges to be faced.