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EER, EEA and Aditional Countries in SEPA

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As per my knowledge, below are list of countries in SEPA region. EER countries – Republic of Austria, Kingdom of Belgium, Republic of Bulgaria, Republic of Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK
EEA countries – Liechtenstein, Iceland and Norway
Additional - Switzerland

My Qs:
What is EER countries? (note: EEA info available with Wiki Refer:
http://en.wikipedia.org/wiki/European_Economic_Area)
Why EER and EEA? What is the difference?
Why Switzerland mentioned as 'Additional'?

Thanks in Advance. —Preceding unsigned comment added by Visamal (talk • contribs) 07:45, 21 November 2008 (UTC)[reply]

Andorra is not a SEPA member see the EPC list of countries — Preceding unsigned comment added by 86.166.41.223 (talk • contribs) 09:18, 7 August 2016 (UTC)[reply]

Standing orders

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I see nothing about standing orders (periodically recurrent payments), which I have personally missed so far in SEPA (as supported by ABN Amro in the Netherlands). Does anyone know of plans to make these possible, or is it left to the initiative of individual banks? 2011-12-28 15:37 GMT PJTraill (not logged in)

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New Member soon ?

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Soon Macedonia and Albania will join https://seenews.com/news/interview-n-macedonia-works-hard-to-improve-payment-system-to-apply-for-sepa-1246142 https://finance.gov.mk/2021/03/05/new-law-on-payment-services-and-payment-systems-fintech-new-services-and-financial-inclusion-of-vulnerable-categories/?lang=en https://new.mia.mk/en/story/national-bank-files-application-for-sepa-membership and Albania https://euronews.al/en/bank-of-albania-signs-official-application-for-countrys-membership-in-sepa/ As of now, Macedonia has made significant progress towards joining SEPA, but a specific timeline for full integration hasn't been officially announced. The process involves several steps, including regulatory compliance, technical upgrades, and public awareness campaigns, which can take time to complete.

Given the recent submission of the application to the European Payments Council in July 2024, the next steps will likely involve detailed assessments and further alignment with SEPA standards. The timeline will depend on how quickly these steps can be completed and any feedback from the European Payments Council.

Albania is also making significant strides towards joining the Single Euro Payments Area (SEPA). Here are some key points:

1. Application Submission: On June 12, 2024, the Governor of the Bank of Albania, Gent Sejko, signed the official application for Albania to join SEPA¹².

2. Preparatory Work: Albania has been working towards SEPA membership since 2021, as part of a regional project aimed at modernizing payment systems in the Western Balkans².

3. Legal and Regulatory Alignment: Albania has completed the necessary legal requirements to align its payment systems with SEPA standards³.

4. Economic Benefits: SEPA membership is expected to save Albanians up to 14 million euros per year in transaction costs⁴. It will also provide Albanian businesses access to a market of 350 million inhabitants, enhancing opportunities for trade and investment².

5. Strategic Importance: Joining SEPA is a significant step towards Albania's financial integration into the European Union, facilitating easier and more efficient cross-border transactions³. = (1) Bank of Albania signs the official application for membership in SEPA. https://www.bankofalbania.org/Press/Press_Releases/Bank_of_Albania_signs_the_official_application_for_membership_in_SEPA.html. (2) Bank of Albania signs official application for country’s membership in SEPA. https://euronews.al/en/bank-of-albania-signs-official-application-for-countrys-membership-in-sepa/. (3) Albania paves the way for SEPA membership: A leap toward EU financial .... https://english.gazetatema.net/economy/albania-paves-the-way-for-sepa-membership-a-leap-toward-eu-financial-int-i335480. (4) Albania Moves Towards Euro Single Payment Area Membership. https://www.ocnal.com/2024/04/albania-moves-towards-euro-single.html. 37.25.85.241 (talk) 18:58, 7 August 2024 (UTC)[reply]

Albania (like North Macedonia) is already mentioned in the article (see the end of the "Key dates" table), and was added at the end of July. — JohnFromPinckney (talk / edits) 20:31, 8 August 2024 (UTC)[reply]
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