Blog article
See all stories »

Spain streets ahead in leading SEPA

SEPA has being having such a difficult birth, but EBA Day has highlighted that the Spanish are showing the way

The presentation by Soledad Nunez, General Director of the Treasury and Financial Policy, Treasury of  Spain showed how governments can lead the way with a quite staggering, 100% SEPA central government payments.

In a lunchtime debate several banks told me that they are unable to innovate and come up with new revenue or business as they begin to see their protected payments space go over the hill. Quite different from the conference call for leadership.

If all EU Governments followed the Spanish example then SEPA would already be providing consumers with tangible benefits and who knows they may put presuure on banks to lower prices and  improve services. This is a scarry proposition if banks say they can't innovate!

Wait for the banks and you will wait forever but take the Spanish line and we may finally  see SEPA achieve the benefits outlined by Brussels.


Comments: (0)

Member since




More from member

This post is from a series of posts in the group:


EBAday is the annual event for European payments professionals organised by Finextra and the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on instant payments, open banking and new developments in payments processing and technology.

See all

Now hiring