On the second anniversary of the Single Euro Payments Area (SEPA) becoming fully operational in all eurozone countries, Massimo Arrighetti, CEO of SIA, an Italian technology infrastructure company, argues that only now is the move to a common payments standard beginning to pay off.
“Payments are cheaper and simpler for both consumers and corporates because it is now possible to open an account anywhere in the eurozone and use the same procedures and processes to make or receive payments,” he says. “In addition, the common standard allows the banking industry to truly compete across the whole eurozone.”
