Post by shuklarani41423 on Nov 8, 2024 23:36:48 GMT -5
On January 30, 2024, the Governor of the National Bank of Moldova Anca Dragu signed a statement on the accession of the Republic of Moldova to the Single Euro Payments Area (SEPA).
What is SEPA
SEPA (Single Euro Payments Area) is a European banking industry initiative launched in 2008 with the support of the European Commission and the European Central Bank. The SEPA area currently comprises 36 European countries, including several countries outside the euro area or the European Union.
Moldova is already an EU candidate country (since June 2022) and is preparing to start EU accession negotiations (after the European Council has decided on this matter in December 2023).
Benefits of joining SEPA
With this system, payment can be made within 24 hours, instead of paying on page seo service 20-30 euros per transaction we could only pay 1, 2 or 3 euros, which is a huge step for everyone involved in the economic system.
Joining SEPA will facilitate efficient and secure processing of cross-border payments in euro, improving commercial and financial relations with European partners.
Stages of joining
The organization that will decide on the accession of the Republic of Moldova to SEPA is the European Payments Council from Bruxxels ( EPC). After the application is signed by the head of the central bank, two stages follow: the evaluation of the file and the actual connection to the system.
What is SEPA
SEPA (Single Euro Payments Area) is a European banking industry initiative launched in 2008 with the support of the European Commission and the European Central Bank. The SEPA area currently comprises 36 European countries, including several countries outside the euro area or the European Union.
Moldova is already an EU candidate country (since June 2022) and is preparing to start EU accession negotiations (after the European Council has decided on this matter in December 2023).
Benefits of joining SEPA
With this system, payment can be made within 24 hours, instead of paying on page seo service 20-30 euros per transaction we could only pay 1, 2 or 3 euros, which is a huge step for everyone involved in the economic system.
Joining SEPA will facilitate efficient and secure processing of cross-border payments in euro, improving commercial and financial relations with European partners.
Stages of joining
The organization that will decide on the accession of the Republic of Moldova to SEPA is the European Payments Council from Bruxxels ( EPC). After the application is signed by the head of the central bank, two stages follow: the evaluation of the file and the actual connection to the system.