SEPA meaning in Business ?

Answer:

What is Single European Payments Area mean?

The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of 2020, there were 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom. Some countries participate in the technical schemes: Andorra, Monaco, San Marino, and Vatican City.

SEPA covers predominantly normal bank transfers. Payment methods which have additional optional features or services, such as mobile phone or smart card payment systems, are not directly covered. However, the instant SEPA payment scheme facilitates payment products also on smart devices.

reference

Full Form	Category
Society of Elementary Presidential Awardees	Academic & Science
Science and Engineering Practices in Action	Academic & Science
Solar Electric Power Association	Academic & Science
Single European Payments Area	Business
Single Euro Payments Area	Business
School of Environmental and Public Affairs	Community
School Enrollment Placement Assessment	Community
Science and Education Policy Association	Community
Secure Pad	Cryptocurrency
Sidestream Elevated Pool Aeration	General
Smart Electric Platform Architecture	General
Single Euro Payment Area	General
Santa Elena Project Of Accompani	General
Science Education Partnership Awards	General
Science Education Partnership Award	General
Santa Elena Project Of Accompaniment	General
State Environmental Protection Administration	Governmental
Smart Electric Power Alliance	Governmental
Sindh Environmental Protection Agency	Governmental
State Environmental Protection Act	Governmental
State Environmental Policy Act	Governmental
Scottish Environment Protection Agency	Governmental
SEPOYDHURA	Indian Railway Station
Single European Payment Area	Regional
Software Engineering Process Architecture	Softwares