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The EU proposes Turkey join its SEPA payments system to boost economic ties and cut transaction costs.
The EU has proposed that Turkey join its Single Euro Payments Area (SEPA), a cross-border payments system aimed at making euro transactions faster, cheaper, and more secure.
The idea was discussed in February between EU and Turkish officials, with the EU highlighting potential annual savings of up to 500 million euros and stronger economic ties.
Turkey’s response remains unclear, as the Finance Ministry has not commented, though joining SEPA would require meeting EU standards on anti-money laundering and data protection.
The move comes amid stalled EU membership talks, as both sides seek to deepen economic cooperation.
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La UE propone que Turquía se una a su sistema de pagos SEPA para impulsar los lazos económicos y reducir los costes de transacción.