Retail payments

Interactive map of countries in the Single Euro Payments Area (SEPA)

Andorra

Non-EU SEPA country

Albania

Non-EU non-SEPA country

Austria

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for niche products (image transfer)
    2. for card payments resulting in a direct debit
  • Waiver phase-out status: Fully migrated

Bosnia and Herzegovina

Non-EU non-SEPA country

Belgium

EU Member State with euro as currency

migration status: COMPLETE

Bulgaria

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Switzerland

Non-EU SEPA country

Cyprus

EU Member State with euro as currency

migration status:COMPLETE

  • Waiver until 1 Feb. 2016
    1. for BBAN – IBAN conversion facilities for consumers
    2. for niche products (business continuity arrangements for credit transfers)
    3. for delayed usage of standard message format ISO 20022 XML
    4. for delayed BIC elimination for national payment transactions
  • Status of phasing out business continuity arrangements for credit transfers niche product: Fully migrated
  • Status of phasing out BBAN – IBAN conversion facilities for consumers and delayed BIC elimination for national payment transactions Waivers: Fully migrated
  • Status of phasing out delayed usage of standard message format ISO 20022 XML Waiver: Fully migrated

Czech Republic

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Germany

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for BBAN – IBAN conversion facilities for consumers
    2. for card payments resulting in a direct debit
  • Waiver phase-out status: Fully migrated by 1 February 2016 with no issues

Denmark

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Estonia

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for BBAN – IBAN conversion facilities for consumers
    2. for delayed usage of standard message format ISO 20022 XML
  • Waiver phase-out status: Fully migrated

Spain

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for BBAN – IBAN conversion facilities for consumers
    2. for niche products (cuaderno 58 & cuaderno 32)
    3. for delayed usage of standard message format ISO 20022 XML
  • Status of phasing out cuaderno 58 & cuaderno 32 niche products: Fully migrated
  • Status of phasing out BBAN – IBAN conversion facilities for consumers and delayed usage of standard message format ISO 20022 XML Waivers: Fully migrated

Finland

EU Member State with euro as currency

migration status: COMPLETE

France

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016 for niche products (interbank payment orders & electronic payment orders)
  • Status of phasing out “titre interbancaire de paiement” (TIP) niche product: Fully migrated
  • Status of phasing out “télérèglement” niche product: Fully migrated

United Kingdom

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Greece

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for niche products (non-automatic credit)
    2. for delayed usage of standard message format ISO 20022 XML
    3. for delayed BIC elimination for national payment transactions
  • Waiver phase-out status: Fully migrated

Croatia

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Hungary

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Ireland

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016 for delayed BIC elimination for national payment transactions
  • Waiver phase-out status: Fully migrated

Iceland

Non-EU SEPA country

Italy

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for niche products (RID finanziari & Rid a importo fisso)
    2. for delayed usage of standard message format ISO 20022 XML
  • ISO 20022 XML Waiver phase-out status: Fully migrated

Liechtenstein

Non-EU SEPA country

Lithuania

EU Member State with euro as currency

End date for SEPA credit transfers and SEPA direct debits in euro: 1 January 2016

As of Q1 2016 SEPA credit transfer migration is completed.

Luxembourg

EU Member State with euro as currency

migration status: COMPLETE

Latvia

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016 for delayed usage of standard message format ISO 20022 XML
  • Waiver phase-out status: Fully migrated

Monaco

Non-EU SEPA country

Montenegro

Non-EU non-SEPA country

Macedonia

Non-EU non-SEPA country

Malta

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016 for delayed BIC elimination for national payment transactions
  • Waiver phase-out status: Fully migrated

The Netherlands

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016 for niche products (NL direct debit no-refund scheme for lotteries)
  • Waiver phase-out status: Fully migrated

Norway

Non-EU SEPA country

Poland

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

Migration successfully completed.

Portugal

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver until 1 Feb. 2016
    1. for BBAN – IBAN conversion facilities for consumers
    2. for delayed usage of standard message format ISO 20022 XML
    3. for delayed BIC elimination for national payment transactions
  • Waiver phase-out status:
    1. Status of phasing out BBAN – IBAN conversion facilities Waiver: Fully migrated
    2. Status of phasing out ISO 20022 XML Waiver: Fully migrated
    3. Status of phasing out delayed BIC elimination Waiver: Fully migrated

Romania

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

As of Q2 2016 SEPA credit transfer migration is 45.38% completed and as of Q4 2016 SEPA direct debit migration is 100% completed.

Serbia

Non-EU non-SEPA country

Sweden

EU Member State with currency other than the euro

End date for SEPA credit transfers and SEPA direct debits in euro: 31 October 2016

As of Q4 2016 SEPA credit transfer migration is 99.00% completed.

Slovenia

EU Member State with euro as currency

migration status: COMPLETE

Slovakia

EU Member State with euro as currency

migration status: COMPLETE

  • Waiver phase-out status: Fully migrated by 1 February 2016 with no issues

San Marino

Non-EU SEPA country

Kosovo

Non-EU non-SEPA country

SEPA country overview

News

01/10/2018 On 1 October the Eurosystem held the 2nd E-commerce Payments Forum with the aim of bringing together relevant stakeholders to discuss opportunities for, as well as barriers to, a pan-European e-commerce payments market. The forum also aimed at identifying market needs and possible ways to address them. Read the outcome.

Outcome of the 2nd Eurosystem E-commerce Payments Forum
29/11/2017 EUROPEAN FORUM FOR INNOVATION IN PAYMENTS – New informal joint initiative of the European Central Bank and the European Commission that brings together members of the Euro Retail Payments Board and the chairs of EU national payment committees. This forum is a platform for exchanging information and views on issues of common concern to all retail payment stakeholders so as to ensure coordination between the priorities and policies at the European level and policy or market-led developments at the national level.

Statement following the first meeting

2016 publications

30/11/2016
Foundation laid for pan-European instant payment solutions
30/11/2016
The European Payments Council (EPC) publish the SEPA Instant Credit Transfer (SCTinst) scheme rulebook
28/11/2016
Sixth meeting of the Euro Retail Payments Board (ERPB)
26/09/2016

Speech by Yves Mersch at SIBOS 2016 - The next steps in the evolution of the Eurosystem’s market infrastructure

13/06/2016
Fifth meeting of the Euro Retail Payments Board (ERPB)
25/04/2016

Speech by Yves Mersch on distributed ledger technology – panacea or flash in the pan?

22/03/2016
ERPB response to the Commission’s Green Paper on retail financial services
21/03/2016
Eurosystem response to the Commission’s Green Paper on retail financial services
26/02/2016
Eurosystem expectations for instant clearing infrastructures
18/01/2016

Speech by Yves Mersch: Growth potential and competition – what lies ahead for card payments?

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All publications and links on retail payments