The Georgian government is preparing to join Single Euro Payments Area (SEPA), allowing customers make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, Prime Minister Irakli Garibashvili announced on Monday.
Today, three draft laws will be sent to the Georgian Parliament for approval to reflect the relevant changes in the legislation. “This will be a great benefit for our citizens,” the PM noted.
SEPA was introduced for credit transfers in 2008, followed by direct debits in 2009, and fully implemented by 2014 in the euro area (and by 2016 in non-euro area SEPA countries).
