Tuesday, September 25

Single European Payments Area - the single plumbing for Europe

Once upon a time, in the dim and distant past, the European Union figured out that while they do have a single currency, each country has different payment systems. This means additional costs for the consumer, less competition, less efficiency, and closed markets. So the EU decided to establish a single payments area.

So all the banks are going after this massive change in the financial markets landscape in Europe. And IBM has just launched a nice little survey on what's happening on the ground.

1 comment:

IanPJ said...

SEPA is only a single entity of what is to come in 2010.

If you have not a chance to read this yet, perhaps it will place SEPA into perspective along with the rest of the 2010 deliverables.

http://thejournal.parker-joseph.co.uk/blog/_archives/2007/8/23/3177099.html
or
http://tinyurl.com/ypfp5f