Central Banking

Estonia begins Sepa migration work

A woman making a credit card payment

The Bank of Estonia has revealed that a high-level meeting took place at the central bank on June 7 during which migration to a Single Euro Payments Area (Sepa)-compliant system for Estonia was discussed.

Representatives of the central bank, the Estonian Banking Association, the Ministry of Finance and market participants gathered at the central bank to affirm their co-operation aimed at ensuring a smooth transition to the new payments and settlements system.

The group, known as the Estonian

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