With today’s increasingly digital economy, consumers and businesses alike have found themselves in need of fast and easy options for sending payments across borders. Although instant payment solutions have been around for a long time in many countries in Europe, they are limited to only domestic transfers or among the same payment service providers. However,…
You’ve set up your business and are running it in Europe. Given this, you are most likely exchanging goods or services with other companies on the same continent and this means you need to make or receive payments in euros outside your national system. In this case, transfers will be made via SEPA. But what…
If you are not particularly familiar with finances, you might be wondering what exactly SWIFT and SEPA transfers mean and what’s the difference between the two. Let’s start off with what SEPA and SWIFT are. SWIFT – The global provider of secure financial messaging Banks should have a secure way for communicating financial information internationally….
