The acronym SEPA stands for the ‘Single European Payments Area’. Europe intends to create a unified payment area that offers a great number of advantages to private individuals and companies.
The SEPA consists of:
All the EU member states: Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France (including Guadeloupe, French Guiana, Martinique, Reunion, Mayotte and St. Pierre and Miquelon), Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal (including the Azores and Madeira), Romania, Slovakia, Slovenia, Spain (including the Canary Islands, Ceuta and Melilla), Sweden and the United Kingdom (including Gibraltar and Northern Ireland).
Five other European States: Iceland, Liechtenstein, Monaco, Norway and Switzerland.