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Single European Payment Area (SEPA) is a borderless system of Euro payments throughout SEPA countries and territories based on a set of common standards, rules and conditions. In 2020, the geographical scope of SEPA schemes includes 36 countries and territories with about 523 million people living there.

Single European Payment Area (SEPA) is a borderless system of Euro payments throughout SEPA countries and territories based on a set of common standards, rules and conditions. In 2020, the geographical scope of SEPA schemes includes 36 countries and territories with about 523 million people living there.

SEPA Goals

The ultimate goal of SEPA is to make payments and collections in Europe as easy and cost-effective as domestic payments. The use of XML ISO 20022 under the European Payment Council guidelines increases the standardisation of payment processes and reconciliation, saving time and money during the implementation of payment treasury solutions in Europe.

Capitalise on the Opportunities

At HSBC, we’re focused on helping our customers see SEPA for what it truly is – a unique opportunity to re-engineer their bank accounts and liquidity management structures, as well as to streamline processes. Our experts will be pleased to help your organization:

  • Simplify processes and consolidate bank accounts to create a centralised source of funding and improve overall working capital management
  • Save time and money with fewer accounts and local payment systems to maintain
  • Increase straight-through processing

HSBC sources for information on SEPA

HSBC SEPA Information for Corporates:

SEPA Credit Transfer and SEPA Credit Transfer Instant:

SEPA Direct Debit:

Upcoming SEPA Developments:

External sources for information on SEPA

Get additional information about SEPA from the following links:

Care has been taken to ensure the accuracy of information on this page but HSBC does not accept responsibility for any errors or omissions and HSBC does not warrant the adequacy or completeness of the information contained therein. This page does not constitute any form of legal, tax or accounting advice from HSBC to you.

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