Login | Register
Items in shopping cart: 0 | View
Bank payments streamlinedBusiness in short
18 Feb 2013 Compiled by Spectator staff Business
DOMESTIC payments and automatic payments will be replaced by the Single Euro Payments Area (SEPA) system as of February 1, 2014 in Slovak banks, the SITA newswire reported.
SEPA is a common area of 32 European countries in which consumers and companies will be able to send and receive payments in euros under the same conditions as domestic payments within their country, SITA wrote.
The initiative by the European Commission aims to remove differences, because despite the existence of the single European currency the payments system remains fragmented.
Most read articles
Euro Calculator (Sk30.1260 = 1 EUR)
What influences your travel plans?
Quote of the Week
“Potholes in Slovak roads are neither conservative nor liberal, but they are deep and there are plenty of them!” Daniel Lipšic comments on his conservative NOVA party’s agreement with liberal former members of SaS to cooperate in the forthcoming regional elections.