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SEPA Programme

TRANSFOND started the SEPA Program with the goal to implement a clearing system compliant with the SEPA requirements (established by the European Payments Council - EPC), by transforming the current infrastructure into a “Clearing and Settlement Mechanism”, able to process payments in domestic as well as euro currency - for Romanian banks.

The Program had two main stages:

The first stage of SEPA-RON project, completed on 2 November 2012, consisted in implementing a clearing system for lei payments, complying with SEPA requirements, by adopting message standards underlying the SCT (SEPA Credit Transfer).

The second stage of the project – consisted in implementing SEPA Direct Debit scheme for payments in euro. The project was completed on April 2016.

The project was finished and SENT - EURO component went live in December 2013.