SEPA Credit Transfer (SCT) is among the favourite payment methods of citizens and businesses in Europe, and a convenient alternative to cash and cheques.
A credit transfer is an electronic payment from one payment account to another. The SEPA Credit Transfer (SCT) scheme makes the transfer of money in Europe easy and convenient.
The SEPA Credit Transfer (SCT) scheme provides the sets of rules that enable a harmonised implementation by all participating payment service providers (PSPs) in Europe.