Number of SEPA Payments Processed by Equens Increase
One week after the official launch of the single euro payments area (SEPA), Equens had processed 82,000 SEPA Credit Transfer (SCT) payments. This puts the company second in the list of SCTs handled, behind the Euro Banking Association (EBA). It is hoped that large volumes will result in scale benefits, which will translate into attractive rates for the market. Equens says it hopes to consolidate its position by leveraging scale through international partnerships in order to reduce the cost per transaction.