SEPA QR Code

What is a SEPA QR Code?

The SEPA (Single Euro Payments Area) QR Code is a standardized QR code that was developed to simplify the process of making SEPA transfers. The code contains all necessary information for the transfer, such as the recipient name, IBAN, amount, and possibly a payment reference. By scanning the SEPA QR Code with a mobile banking app, users can automatically insert this information into their payment form, avoiding errors and speeding up the transfer process.

Benefits

SEPA QR codes provide several advantages:

• Eliminate manual entry errors
• Speed up payment processing
• Improve customer experience
• Reduce payment delays
• Standardized across all Euro area banks