Sepa in trouble from all angles, says report

The European Union’s drive to harmonise payments is overly ambitious, warns study

LONDON – Only weeks before Europe’s Payment Services Directive (PSD) is due to be implemented by member states, initiation of the Single Euro Payments Area (Sepa) is in trouble, according to research by the Financial Services Club.

The PSD is due to be transposed into national law by 26 EU member states on November 1, but the report, carried out over the Summer on over 350 industry participants and sponsored by payments industry vendors BT, Earthport and Logica, says harmonisation will fall far

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here