Single Euro Payments Area (SEPA)

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instance_of gptkb:Telecommunications_company
gptkbp:aims_to simplify bank transfers in euros
eliminate differences between national and cross-border payments
gptkbp:applies_to all euro transactions
gptkbp:based_on ISO 20022 standard
gptkbp:created_by gptkb:legislation
gptkbp:encourages competition among banks
gptkbp:enhances consumer protection
gptkbp:established gptkb:2008
gptkbp:facilitates cross-border euro payments
gptkbp:governed_by European regulations
https://www.w3.org/2000/01/rdf-schema#label Single Euro Payments Area (SEPA)
gptkbp:involved_countries gptkb:Iceland
gptkb:Liechtenstein
gptkb:Norway
Eurozone countries
non-Euro EU countries
gptkbp:is_a gptkb:Telecommunications_company
gptkbp:is_aimed_at enhancing payment efficiency
gptkbp:is_aligned_with EU payment services directive
gptkbp:is_characterized_by standardized payment formats
common regulatory framework
harmonized payment processing rules
gptkbp:is_designed_for individuals and businesses
gptkbp:is_designed_to facilitate euro transactions across borders
gptkbp:is_implemented_in banks and financial institutions
gptkbp:is_monitored_by gptkb:European_Banking_Authority
gptkbp:is_part_of gptkb:EU_Single_Market
EU financial market integration
EU financial services policy
gptkbp:is_promoted_by European institutions
gptkbp:is_recognized_by gptkb:legislation
gptkb:European_Central_Bank
gptkbp:is_standardized_by payment instruments
gptkbp:is_supported_by payment service providers
national banks
gptkbp:is_used_by businesses
individual consumers
gptkbp:is_utilized_in recurring payments
consumer payments
government payments
business-to-business payments
one-off payments
gptkbp:operated_by gptkb:European_Payments_Council
gptkbp:payment_methods gptkb:SEPA_Direct_Debit
SEPA Credit Transfer
gptkbp:promotes gptkb:labor_union
gptkbp:provides faster payment processing
gptkbp:reduces cost of cross-border payments
gptkbp:supports e-commerce transactions
gptkbp:bfsParent gptkb:SEPA_Direct_Debit
gptkbp:bfsLayer 5