Sepa and the PSD: a brief history
ON JANUARY 28, 2008, the Single Euro Payments Area becomes a reality. No flags were waved, no confetti was thrown and no Euro-anthems were played. This effort to harmonize national payment systems – seen by some as the culmination of the introduction of the euro and the final stage in the creation of a true single market – debuted without anyone outside the cash management industry even noticing.
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