10 December 2012
The progress of SEPA
Let’s take a quick look back into the history. When the European Payments Council (EPC) in 2003 decided that SEPA would become the standard, Luxembourg was the first country that went full speed ahead. The rest of the countries followed later, with each country taking the step in its own pace. Nine years after the decision was made, it seems that some countries still have a lot of work to do to be able to make a smooth transition on the first of February in 2014.
Data journalist Jelle Kamsma created a map to display the progress of the migration to SEPA for each country. Each colour shown reflects the percentage of SEPA transactions in that specific country. The timeline starts in 2008 and ends in the first half of 2012. The figures are based on data provided by the European Central Bank.