In Europe SEPA is entered is the unique European pay system (Single Euro Payments Area).

From January, 28 there are 27 states - members of European Union, and also Norway, Iceland, Liechtenstein and Switzerland, make unique European pay space with a population 330 million persons.

Physical and artificial persons must carry out translations using SEPA, that will put an end of division of the European pay market national scopes.

Physical and artificial persons get possibility to conduct and get payments into Europe, using any account in the European bank. After transfertov of credits gradually will be entered and two other the instrument of cashless transactions are cards of credits.

Thus, 85% all cashless transactions will be well-to-do in an euroarea. For banks cut-in within the framework SEPA means inflexibility of competition are co-operative jars of Italy, German savings-banks and private jars of Netherlands - all of them will have to compete with each other.

on April, 10, 2007 a minister for finance countries of ES came forward for carrying out bank reform and approved a bill, directed on standardization of the system of payments after all block.

From data of Evrokomissii, annually a 231 milliard of transactions of payments, the general volume of which achieves 52 milliards of euro, is carried out in Europe. However at this time every country which is included in ES independently regulates arranging for payments on the territory.