Wholesale banking


Payments UK simplifies cross-border SEPA payments into UK

Payments UK has developed a directory to offer UK institutions some of the benefits of SEPA despite the regulation not applying within the country until October. From 1 February, Eurozone banks and Payment Service Providers (PSPs) can process Single Euro Payments Area (SEPA) payments using only a customer’s IBAN (International Bank Account Number). Previously customers were […]