What is SEPA credit transfer?

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Google’s Answer

SEPA or Single Euro Payments Area is a project by the European Commission, the European Central Bank and European banks, whose work has led to an EEA-wide home market for payment transfers.

Our Answer

A SEPA credit is a payment method of transferring value from one bank account located within the SEPA region to another bank account located in the SPEA region, denominated in Euros.