Skip to content Skip to navigation Skip to search

European Developments

The Payments Council monitors and participates in European developments in payments. The main aspect of this is our work with the European Payments Council (EPC), to ensure that UK customers’ needs are taken into account in the creation of the Single Euro Payments Area (SEPA). 



SEPA is the creation of an area in which individuals and businesses can make and receive card and electronic payments in euros, across Europe, simply, cheaply and efficiently, regardless of their location. In other words, it’s the creation of an integrated euro payments market, with a geographical scope that extends beyond the Eurozone to encompass all EU member states as well as Norway, Iceland, Liechtenstein, Switzerland and Monaco. For more information see the SEPA Frequently Asked Questions page.

Our job is to make sure there is a co-ordinated approach to the UK’s involvement on SEPA developments. We provide a forum for Payments Council Full Members to discuss and formulate views on proposals; we liaise with other stakeholders and co-ordinate any collaborative actions that arise.

The Payments Council is also the UK’s National Adherence Support Organisation (NASO) whose role is to facilitate the adherence of UK-based payment service providers to the SEPA Credit Transfer Scheme and the SEPA Direct Debit Schemes. Any institution that meets the eligibility criteria set out in the scheme rulebooks can apply to become a SEPA scheme participant. For further information see the SEPA Schemes page.

There are three primary pieces of European legislation that were put in place to facilitate the development of SEPA. These are:

Further information on each of these can be found by clicking on the links.