View Full Version : EU adopts harmonised euro payments and bank transfers

04-04-07, 09:30
European finance ministers have adopted the directive creating the SEPA (Single euro payments area) on 27 March. It should be ratified by the EU Parliament on 27 April.

Concretely, this means that from 1 January 2008 euro-zone countries will become a single market for bank cards and bank transfers. The latter will have new forms common for all euro-zone countries, facilitating payments between member states.

Sources : L'Echo : Un bulletin de virement européen (http://www.lecho.be/patrimoine/article.asp?Id=2810686)