Public administrations’ migration to SEPA Direct Debits remains marginal in euro area – 0,24%
March 21, 2011 – Public administrations’ (PA) migration to SEPA Credit Transfers (SCT) has accelerated at an impressive pace over the last eight months, according to the forth survey on public administrations’ preparedness and migration to SEPA published by the European Commision. In October 2010, the SCT migration rate for the replying PA in the euro area was 14.5 % versus 2.7 % in the last survey. For the first time, SCT migration by PA exceeds the corresponding rate for the overall market (i.e. 14.5 % vs. 9.6 %).
In particular PA in Finland, Belgium, Austria, Spain, France and Germany have made significant progress over the last eight months. Migration to SEPA Direct Debits (SDD) remains marginal also due to the fact that, in the case of many PA, direct debits are generally not used. In October 2010, the SDD migration rate for the replying PA in the euro area was only 0.24 %.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
