SEPA is the Single Euro Payments Area. SEPA harmonises the way we make and process payments in euro. SEPA enables customers to make cashless euro payments to anyone located anywhere in Europe, using a single payment account and a single set of payment instruments

If you travel from one euro area country to another, you can easily buy something with euro cash. But paying cashless outside your home country, for example with a card, is more difficult. This is due to technical, legal and market barriers stemming from the time before the single currency. SEPA aims to overcome these barriers. The result will be a single market for payments in euro. This single market will reach beyond the euro area and even the European Union.

> Overview document: The Single Euro Payments Area (SEPA): an integrated retail payments market
> Detailed SEPA information on the ECB website