About: Single European payments area

Euro & Finance 29-01-2010

Bankers: Hurdles remain for mobile payments launch

The architects of the Single Euro Payments Area (SEPA), designed to harmonise euro-denominated money transfers, hope the system will allow customers to make payments using mobile phones. Dag-Inge Flatraaker, from the bank-driven European Payments Council, told EURACTIV that banks have come a long way but must now work to iron out security issues.