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Albania in SEPA/EU in Tirana: Standardizes cross-border payments, fees no more than 2 euros

2025-10-21 10:31:00, Ekonomi CNA

Albania in SEPA/EU in Tirana: Standardizes cross-border payments, fees no more

Since October 7, Albania has joined SEPA. On this occasion, the European Union representation in Tirana shared a message that was also conveyed during an event organized in the capital.

As highlighted in a social media post, the European Union has played a crucial role in supporting Albania’s integration into SEPA. The European Commission enabled the Western Balkans candidate countries to apply for SEPA membership and included Albania’s membership as a key pillar of its Growth Plan for the region. This elevated SEPA to a national priority, prompting rapid coordination among Albanian institutions.

Throughout the process, the European Commission and the Delegation of the European Union to Albania accompanied Albania in this process and provided continuous technical support and financing, including through the Western Balkans Payments Modernization project led by the World Bank.

According to the EU office, now that Albania is among the latest countries to join SEPA payments, a European Union initiative that standardizes cross-border payments, ensuring the same rules, standards and costs for the 41 SEPA members, the fee for transferring this amount is no more than 2 euros.

The EU emphasizes that through the Single Euro Payments Area, Albanian citizens can now send and receive payments in euros under the same conditions as citizens of EU countries, in terms of fees, processing times and security standards. /CNA





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