The European Payments Council (EPC) supports and promotes the creation of the Single Euro Payments Area (SEPA).
The EPC is the decision-making and coordination body of the European banking industry in relation to payments. The EPC develops the payment schemes and frameworks which help to realise SEPA. SEPA is a European Union (EU) integration initiative in the area of payments. SEPA is the logical next step in the completion of the EU internal market and monetary union.