Source link : https://europ.info/2025/10/11/nine-north-macedonia-banks-to-launch-sepa-payments-on-october-7/
Nine banks in North Macedonia are set to begin processing SEPA payments starting October 7, marking a significant step toward enhancing the country’s integration with the European payments landscape. The move, announced by SeeNews, will enable faster and more cost-effective transactions within the Single Euro Payments Area, benefiting businesses and consumers alike. This development aligns with North Macedonia’s ongoing efforts to modernize its banking infrastructure and improve cross-border financial services.
Nine North Macedonia Banks to Launch SEPA Payments Enhancing Cross-Border Transactions
Starting October 7, customers of nine major banks in North Macedonia will gain the ability to make seamless SEPA (Single Euro Payments Area) payments, a development set to streamline cross-border transactions across the Eurozone. This initiative aligns with the country’s broader integration into European financial systems, providing individuals and businesses with faster, more cost-effective Euro transfers. The participating banks, including some of the largest financial institutions in the country, have been preparing infrastructure upgrades and staff training to ensure a smooth transition by the launch date.
The rollout is expected to benefit a wide range of users by offering enhanced transaction transparency, reduced processing times, and lower payment costs. Key features of the SEPA implementation include:
- Standardized IBAN and BIC codes for Euro…
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Author : Jackson Lee
Publish date : 2025-10-11 20:25:00
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