SEPA (Single Euro Payments Area)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	payment integration initiative
gptkbp:abbreviation	gptkb:SEPA
gptkbp:appliesTo	individuals businesses public administrations
gptkbp:currency	gptkb:euro
gptkbp:enables	cross-border euro payments domestic euro payments lower transaction costs faster payments increased competition in payments market use of a single bank account for euro payments across SEPA countries
gptkbp:excludes	non-euro currency payments
gptkbp:firstReleased	2008
gptkbp:fullName	gptkb:Single_Euro_Payments_Area
gptkbp:goal	create a single market for euro payments
gptkbp:headquarters	gptkb:Brussels,_Belgium
https://www.w3.org/2000/01/rdf-schema#label	SEPA (Single Euro Payments Area)
gptkbp:includes	gptkb:SEPA_Credit_Transfer gptkb:SEPA_Cards_Framework gptkb:SEPA_Direct_Debit
gptkbp:legalBasis	EU Payment Services Directive EU Regulation 260/2012 EU Regulation 924/2009
gptkbp:managedBy	gptkb:European_Payments_Council
gptkbp:memberState	36
gptkbp:purpose	simplify euro-denominated bank transfers
gptkbp:region	gptkb:Andorra gptkb:European_Union gptkb:Monaco gptkb:San_Marino gptkb:Switzerland gptkb:Vatican_City gptkb:European_Economic_Area
gptkbp:standardizedBy	payment processing bank account numbers (IBAN) bank identifier codes (BIC)
gptkbp:supportedBy	gptkb:European_Parliament gptkb:European_Central_Bank
gptkbp:website	https://www.europeanpaymentscouncil.eu/sepa-credit-transfer
gptkbp:bfsParent	gptkb:European_Payments_Council
gptkbp:bfsLayer	5