Oracle EBS

What is the 'Single Euro Payments Area' (SEPA)? The euro has meant that you can pay by cash anywhere in the euro area just as easily as at home. But at present it's not so easy if you want to pay for goods or services electronically in another euro area country, for example with your bank debit card, which is how many people want to make payments today. And when you want to transfer money from your home bank account to an account in another euro area country, the payment can take much longer, and sometimes the receiver does not get the full amount. The Single Euro Payments Area (or 'SEPA' for short) will change all this. It will make all electronic payments in the euro area as easy as cash payments are now. It will mean that you can make fast and secure transfers between bank accounts anywhere in the euro area. . I have a personal bank account in the euro area. What will SEPA mean for me? First of all, let's be clear that SEPA won't be like the in...