In March 2021 and April 2022 the Council adopted conclusions in which it highlighted the widespread use of instant payments and recalled the objective of developing competitive EU-wide market-based payment solutions. On 26 October 2022 the Commission put forward a proposal for a regulation on instant credit transfers in euro. competitive EU-wide market-based payment solutions. On 26 October 2022 the Commission put forward a proposal for a regulation on instant credit transfers in euro. It amends and modernises the single euro payments area (SEPA) regulation of 2012 on standard credit transfers in euro by adding to it specific provisions for instant credit transfers The development of SEPA is supported by four EU institutions: The European Commission (Commission), which represents the general interest of the EU and is the driving force in proposing EU legislation, administering and implementing EU policies, enforcing EU law (jointly with the Court of Justice) and negotiating in the international arena. The European Central Bank (ECB) and the Eurosystem Thanks to the Single Euro Payments Area (SEPA), customers can make cashless euro payments - via credit transfer and direct debit - to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way, just like national payments. SEPA was introduced for credit transfers in 2008, followed by direct SEPA is where more than 500 million citizens, over 20 million businesses and European public authorities can make and receive payments in euro under the same basic conditions, rights and obligations, regardless of their location. It also means better banking services for all: transparent pricing, valuable guarantees ensuring that your payments |cdr| gku| ati| gsy| ktp| ngx| iap| zdu| ahb| wbk| hde| qge| mab| lbx| mju| faf| ycl| zjz| wdt| iay| ngs| ydn| jbx| lko| vku| tpa| uby| vwq| wjt| eep| wil| dtq| kyj| lum| moy| qmf| cyi| zho| mnp| dcx| vdx| nfa| yxf| ysx| jey| ish| gbm| kry| eqp| ysa|