Innovative payments Whereas SEPA has already contributed to the objectives of the European single market, it will also need to be expanded towards new sectors of the economy, such as e-commerce9.
In the European Commission’s recent proposals on the completion of the single market, one key objective is to facilitate e-commerce in the EU by making payment services easier to use, more trustworthy and competitive10. The prospects of full migration to the SEPA credit transfer and direct debit schemes form the foundation for innovative payment services offered on a pan-European scale.