Serbia Joins SEPA: European Commission Welcomes Integration

Brussels, [Date of Article]: The European Commission has welcomed Serbia's entry into the Single Euro Payments Area (SEPA). This follows a positive decision by the European Payments Council (EPC). Serbia's inclusion marks it as the 41st member of SEPA. According to the European Commission, this is a practical example of the impact of the Growth Plan for the Western Balkans. The plan aims to accelerate socio-economic integration of the Western Balkans into the EU. This includes gradual access to certain areas of the EU single market based on alignment with EU law. The National Bank of Serbia (NBS) and EPC jointly announced Serbia's official inclusion in SEPA's geographical scope. The NBS has taken steps to align its payment systems and regulations with EU standards, as stated by the EPC.