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HSBC Your Guide to SEPA Migration Capitalizing on the opportunities afforded by SEPA through a successful migration process Executive Summary Developed by the European Payments Council, the Single
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SEPA stands for Single Euro Payments Area and the guide provides instructions on how to make and receive euro payments within Europe.
Any individual or organization that wants to make or receive euro payments within Europe is required to follow the guide to SEPA.
The guide to SEPA can be filled out online through your bank's online banking portal or through a SEPA compliant payment software.
The purpose of the guide to SEPA is to standardize euro payments within Europe and make cross-border payments easier and more efficient.
The guide to SEPA requires information such as the payer's and payee's bank account details, payment amount, currency, and payment reference.
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