As of 1 March 2019, the Principality of Andorra and the Vatican City State / the Holy See will be part of the geographical scope of the Single Euro Payments Area ( ) schemes. The inclusion of financial institutions from these two states is a natural extension of the project and demonstrates the European willingness to harmonise electronic payments in a broader area than the European Union.
From that date onwards, all existing
scheme participants should be able to send or to receive
Credit Transfer (
),
Instant Credit Transfer (
Inst) and
Direct Debit (
) transactions to and from
,
Inst and
scheme participants from the Principality of Andorra and the Vatican City State / the Holy See as and when their financial institutions join these schemes.
As of 1 March 2019, the geographical scope of the
schemes will consist of the following 36 countries: the 28
Member States plus Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, the Principality of Andorra and the Vatican City State / the Holy See.
Your reactions
If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.