
Integration of Moldovan financial system into European Space: Banks of Moldova submit first applications for joining SEPA
The National Bank of Moldova (BNM) has informed that the first applications for connection to the Single Euro Payments Area (SEPA) were submitted. By presenting these applications, banks of Moldova are initiating the process of joining the SEPA Credit Transfer (SCT) - a crucial step for integrating the Moldovan financial system into the European space.
“This moment marks the strong commitment of Moldovan banks to actively participate in SEPA and connect to the European payment infrastructure,” BNM said.
The process is coordinated and supported by the National Bank of Moldova and takes place through the Association of Banks in Moldova (ABM), acting as the NASO – National Adherence Support Organization.
BNM Governor Anca Dragu said that Moldova’s accession to SEPA represented a real opening towards the European Union, a secure financial bridge between Moldova and its citizens, wherever they may be.
“Through this commitment, we connect families, support the Diaspora, ease people’s lives and back the development of Moldovan companies. Transfers become faster, safer and cheaper and every transaction brings us closer to the standards of a modern and fair European economy,” said the BNM governor on the occasion of the first applications submitted.
According to BNM, joining the SEPA Credit Transfer (SCT) provides multiple benefits, including fast and secure euro transfers to the 40 SEPA member countries, cost reduction and increased transparency in the payment process, enhanced efficiency for citizens, enterprises and companies with international activities.
“The accession to SEPA is not just a technical step – it is declaration of commitment to European standards and concrete support for citizens and companies operating internationally,” said Dorel Noroc, President of Association of Banks in Moldova.
Moldova was officially included in SEPA on March 6, 2025.
SEPA (Single Euro Payments Area) is a European initiative that allows cross-border euro payments under the same conditions as national ones. The system eliminates the differences between domestic and international payments and includes all EU countries, as well as other participating states and territories.
Calculations show that, through this accession, Moldova will immediately save about 12 million euros annually and in the medium term - up to 20 million euros, money which remains in the national economy and supports business development.
AgroFin 2025: Farmers in Northern Moldova informed about funding opportunities for agricultural businesses
Entrepreneurs can benefit from preferential loans up to 375,000 euros for business development
PHOTO GALLERY // Four exhibitions dedicated to food industry inaugurated at Moldexpo
Four exhibitions on food industry and product packaging technologies opened at Moldexpo
MIDR: Over 800 projects to directly impact well-being of families in Moldova through European Village Program
Six clusters on both banks of Dniester River to receive financial support from development partners
Moldova aims to accelerate investment and economic support projects with EBRD
Draft on ratification of Agreement for Moldova's Growth Plan approved by government
Energy Minister: Through consistent efforts and European support, we made concrete steps towards integration into European energy market
Bulgarian Foreign Minister visits Chișinău
Constitutional Court celebrates 30th anniversary
Prime Minister meets with Lithuanian counterpart
PM after detention of Customs Service employees
PM: Enlargement of European Union - best investment for secure and prosperous Europe
Lithuania reaffirms support for Moldova's European path
MP: European Growth Plan could bring Moldova investments of 2.5 billion euros and 100,000 jobs
Parliament marks 34 years of activity
Moldova denounces Agreement with Russian Federation
Speaker to attend Black Sea and Balkans Security Forum
Reconstruction of terminal at Chișinău International Airport begins on 30 June - Deputy Prime Minister says
Energy Minister: Romania not only helped us withstand energy shocks, but was also catalyst for our structural transformation
President at anniversary of Congress of Local Authorities of Moldova
President congratulated Moldovans celebrating Dedication Day today
President at anniversary of Congress of Local Authorities of Moldova
MEP: We expect first funds from Growth Plan to reach Moldova in early summer