1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

SEPA: Europe's new financial transaction system

January 31, 2014

The European Union's new banking transaction system is supposed to be faster and cheaper. But it's already causing headaches in some member states and added costs for businesses.

https://p.dw.com/p/1B0Iy

It was meant to be introduced next week. However, the European Commission has extended the deadline by HALF a year. Some businesses are barely coping