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SEPA for cross-border is fine. But, I hope regulators seriously rethink their plans to mandate SEPA for domestic payments. There's already talk of making UK's Faster Payments available on mobile phones in a simplified manner in which Immediate Mobile Payments
can be made using just the mobile number of the beneficiary. In this day and age, isn't it a bit retrograde to ask consumers to move from the already tedious 10-12 digit account numbers and 6-8 digit sort codes to an even more cumbersome SEPA regime that asks
them to enter 20+ character IBAN numbers and 8+ character BIC codes for domestic payments?