Adapting to the Single Euro Payments Area (SEPA)

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• Financial Services
  • Industry-Specific Solutions
    • Payments
      • Payments Solutions
      • World Payments Report Overview
      • Major Findings from the World Payments Report
      • Making Payments More Efficient
      • Creating a Single Euro Payments Area
      • SEPA & Payments Revenue
      • SEPA Benefits Everyone - When?
      • Banks Must Address Two Issues Simultaneously

While on the one hand, the introduction of the euro has far from created a single European Market, on the other, SEPA will significantly accelerate convergence to a single European payments market. By 2010 the way Banks process payments will be forever changed as the banking community seeks to adapt to the creation of the Single Euro Payments Area (SEPA). In fact, banks will need to undergo dramatics shifts in their payments strategy in order to compensate for the €13 to €29 billion decline in payments processing revenues that Eurozone banks will face, according to the World Payments Report 2005 from Capgemini, ABN AMRO and EFMA.  Learn more about our approach to SEPA.