Couple in living room with laptop ©Bundesbank

With SEPA, the Single Euro Payments Area, new, Europe-wide standardized procedures for cashless payment transactions (credit transfers, direct debits, card payments) were also introduced in Germany. They can be used for euro payments in the 27 EU states, Iceland, Liechtenstein, Norway as well as Monaco, Switzerland, San Marino, Andorra, the Vatican City State and the United Kingdom.