UniCredit receives mandate for SEPA payments of the European Commission

The European Commission (EC) has charged UniCredit with carrying out a large portion of the Commission's Single Euro Payment Area (SEPA) payments.

Thus, UniCredit is one of four banks responsible for all SEPA payment transactions on behalf of the European Commission from now on.

- The mandate was awarded as the result of a tendering process in which all banks in Europe were invited to take part - said Marco Bolgiani, Head of Global Transaction Banking of UniCredit.

- With a share of between 25 and 35 percent of the total volume, we have proved our competitiveness once again - said Marco Bolgiani and added that the total transaction would amount to more than 1.6 million international payments with the volume of over EUR 33 billion.

The European Commission's decision to process payment transactions via SEPA in the future and to focus on four banks means it will progressively abandon the previous model in which local banks in every European state were responsible for processing the respective payments.

UniCredit Group operates in 22 countries, including Serbia and surrounding countries.

UniCredit Bank Srbija a.d. Beograd

European Commission Brussels

Delegacija Evropske unije u Republici Srbiji Beograd

UniCredit Bank

European Commission

EC

SEPA

Milan

Marco Bolgiani