Central Banking

Netherlands Bank warns of Sepa information gap

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Better communication about the use of the International Bank Account Number (Iban) for payments in the Netherlands is essential to the successful migration towards the Single Euro Payment Area (Sepa), the Netherlands Bank has said.

According to an annual survey published by the central bank on January 3, nearly 65% of Dutch consumers have never heard of Sepa, with just over 44% of those surveyed unable to find their own Iban number. Tracking down someone else's Iban is considered even more

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