ALTA bank opens the doors to Europe – first to receive approval for SEPA payments”
Clients of ALTA bank will be the first in the country to experience the benefits of the single European payment area thanks to the introduction of SEPA standards. Serbia has officially stepped into a new era of financial integration with Europe, and ALTA bank has positioned itself as the absolute leader of this process. As the first financial institution in our market to receive approval for the introduction of SEPA (Single Euro Payments Area) standards, ALTA bank once again confirms its vision of a modern, digitally-oriented bank.
What does SEPA mean for your wallet?
This strategic step represents a historic turning point for the Serbian banking sector, as for ALTA bank clients, the implementation of the SEPA protocol in practice means erasing barriers in doing business with Europe. The new era of cross-border payments brings savings primarily through a significant reduction in fees and transaction costs in euros to member countries of the SEPA zone. This benefit enables clients to make payments under the same conditions in all 27 European Union member countries, as well as in other states that belong to this system.
In addition to financial benefits, clients can count on maximum speed, with money reaching the recipient in the shortest possible time, often on the same day, thanks to the complete elimination of unnecessary intermediaries. The entire process is designed to provide maximum simplicity and security, using the unified IBAN standard with the highest European data protection protocols.
Strong support for the domestic economy
The fact that ALTA bank was the first to receive confirmation for the introduction of this system is the result of continuous investment in digitalization and infrastructure. In this way, the bank directly supports the domestic economy, making it easier for exporters, small businesses, but also individuals to access the European market under conditions that apply within the EU.
“We are proud to be among the first banks in Serbia to receive approval and to open the doors of the SEPA system to our clients. Our goal is to make banking simple, fast and accessible, and this is a key step in that direction,” they announce from ALTA bank.
Adapting to SEPA standards is not just a technical improvement, but a clear message to clients that their bank is ready for the global competition and that it always puts clients’ needs first.”