Glossary

The European Payments Council (EPC)

The European Payments Council (EPC) is an essential decision-making and coordination body within the European banking industry, focusing on the integration and development of European payments. Established to support and promote the creation of the Single Euro Payments Area (SEPA), the EPC represents payment service providers (PSPs), including banks and other financial institutions, facilitating a unified area for payments across Europe.

The primary objectives of the EPC are:

Through its guidelines and frameworks, the EPC contributes to the harmonization of payment transactions and infrastructure in Europe, making cross-border payments as easy and efficient as domestic ones. This unified approach not only benefits consumers and businesses by providing seamless transaction capabilities but also strengthens the economic structure of the European Union by enhancing liquidity and capital flows. The EPC's role is critical in advancing the European digital market and in ensuring the security and efficiency of payments across member states.

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