The EPC focuses on the harmonisation of electronic methods of payments in SEPA.

SEPA Credit Transfer (SCT) is among the favourite payment methods of citizens and businesses in Europe, and a convenient alternative to cash and cheques.

The payment schemes developed by the EPC are used by thousands of payment service providers (PSPs) in Europe to facilitate some 50 billion transactions each year.

The Single Euro Payments Area (SEPA) is a European Union (EU) payments integration initiative aimed at harmonising electronic euro payments in Europe.

The introduction of the euro as the common currency for millions of Europeans was a great advance in European integration, but it was just the first step towards European payments harmonisation.