The SEPA Ripple Effect: Impacting a Non-European Country Near You Soon

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6 October 2011


The impact of SEPA is increasingly understood inside Europe, but its wide-ranging impact has little visibility outside Europe.

In this report, The SEPA Ripple Effect: Impacting a Non-European Country Near You Soon, Celent highlights the range and depth of the Single Euro Payments Area’s potential effects, both positive and negative, on non-European countries. This is a companion to the Celent report SEPA Redux: Understanding How We Got Here.

While some elements of SEPA are well known, such as the move to a global payment message format in ISO 20022 and the adoption of new payment formats, the wider picture is less clear because banks operate in silos based around payment networks. However, what is clear is that the impact is much broader than many realize and is already shaping payments outside Europe.

“Payments are an increasingly global business, and every country is monitoring developments in other countries to understand the impact they will have and to learn what may improve their own country’s arrangements,” says Gareth Lodge, Senior Analyst at Celent and author of the report.

“Alongside death and taxes, regulation is now a certainty. Understanding what is behind the wave of regulation will help banks anticipate the changes,” he adds. “Banks that manage this and work with regulators rather than try to fight the tide will undoubtedly be more successful in managing changes.”

This report examines the concrete changes of SEPA and also notes a number of areas which, while uncertain, have a strong chance of coming true and could have a significant impact.