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The introduction of Single European Payments Area (SEPA) is the most important initiative implemented within the payments landscape since the introduction of the euro in 2002. SEPA aims to create a single common market within Europe where individuals and corporations will be able to send and receive euro payments across Europe as quickly, easily, and inexpensively as if they were operating within their own home market. SEPA includes the 27 European Union member states, Norway, Iceland, Liechtenstein, Switzerland and Monaco. For complete information on SEPA, visit www.europeanpaymentscouncil.eu.
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