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To learn more about SEPA
The Single Euro Payments Area or SEPA is the area where citizens, companies and other economic participants make and receive payments in euro, whether between or within national boundaries, under the same basic conditions, rights and obligations
Bundled Electronic Payments

You are obliged, in terms of the Regulation to make use of specific SEPA file formats which are based on the ISO 20022 XML standards.

An organisation submitting payments in batch format to the bank needs to contact both its software provider (in relation to any changes that need to be carried-out on the organisation’s systems), and its bank to be provided with the necessary file formats, procedures and testing arrangements.

 

 

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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).