Still, this will not be sufficient to achieve critical mass as regards migration to SEPA and will not, therefore, bring about a significant increase in the rate of migration.
BIS Review 135/2010  1  There are several reasons why migration to SEPA has been slow: the prevailing market uncertainty; the difficult economic climate; potential disadvantages for “first movers” in a network industry; and resistance to migrating fully from legacy to SEPA payment systems in the absence of a commitment to a specific end date.