SEPA Deadline Extended Due to Businesses Lagging Change

January 9, 2024 by

Image credit: Horia Varlan

In an effort to make payment transactions smoother between countries, the European Union had set a deadline for businesses to migrate their payment systems over to SEPA credit transfer (SCT) and SEPA direct debit systems, as opposed to the fractured, country by country system they currently rely on.

 

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