Economy

02 December, 2025 / 20:45

/ 5 hours ago

One month passes after joining Single Euro Payments Area: Moldovans save 1.4 million euros on transfer fees

Citizens of Moldova have saved 1.4 million euros on transfer fees in the first month since the country joined SEPA—the Single Euro Payments Area, according to data presented by the National Bank of Moldova (BNM).

In the period after October 6, 2025, the date on which Moldova became part of the Single Euro Payments Area, the volume of transactions to and from the country increased by 300 million euros, exceeding 1.3 billion euros. The number of transactions conducted through SEPA was by 25 per cent higher than in the same period of the previous year, with more than half of them made by individuals.

Eight commercial banks of Moldova have already joined the SEPA system, an infrastructure integrating 41 European states and allowing for fast, secure and low-cost or zero-cost transfers. Membership provides citizens and companies with access to euro payment services under the same conditions as in European Union countries, contributing to facilitating financial flows and bringing the national economy closer to European standards.

Moldova initiated the process of joining the Single Euro Payments Area on January 30, 2024, by submitting the official application to the European Payments Council (EPC). On March 6, 2025, the EPC approved the inclusion of Moldova in the SEPA geographical area.

Comment

Latest News

Process of privatization, management of state assets to be simplified; Moldovan parliament approves new rules

Passed in first reading: appointment procedure for NBM governing bodies to be changed

State budget amendments for 2025 approved by Parliament in second reading

Grants of over 5 million lei for young people and migrants launching businesses in Moldovan capital

Parliament to review draft of new law limiting public procurement contract value

More cities to have modern and accessible courtyards: Government expands European Courtyard program

Governor of National Bank of Moldova attends third edition of Career Week at BNM

Wines of Moldova to be appreciated by international, local experts at national competition held in Chisinau

Government considers expanding trading platforms and modernizing market with Romanian Commodities Exchange

Government extends European Courtyard program

/ 24 November, 2025

Moldova at Global Industry Summit: priority for modernization, digitalization, green transition

/ 24 November, 2025

Ministry of Energy demands correction of gas bills and explanation of discrepancies

/ 24 November, 2025

Strategic natural gas stocks for 2025-2026 cold season almost fully established

/ 23 November, 2025

MOLDPRES REPORT // Year of Brave Farmers: A day for those who make country grow, people of the land, people of courage

LIVE // Moldovan president gives news conference after meeting of National Security Council

One month passes after joining Single Euro Payments Area: Moldovans save 1.4 million euros on transfer fees

Works on modernization of Costesti dam start in Moldova

New fiscal package to stimulate Moldova's economy: Action and Solidarity Party proposes maintaining zero profit tax rate, increased deductions for education

Moldova's Education Ministry proposes changes to Education Code

Former leader of Moldovan Democratic Party brought before judges in handcuffs

New judges in courts of Chisinau and six other districts: 12 magistrates sworn in at CSM

National Bank awarded at Romanian PR Award 2025 for MIA project

Meeting between Deputy Prime Minister and Special Representative of OSCE Chairperson-in-Office for Transnistrian Settlement Process

USMF „Nicolae Testemițanu” continues activities within national campaign '16 Days of Activism Against Gender-Based Violence'

Orhei mayor announced resignation

Nicolae Testemițanu USMF to organize oath-taking ceremony for international graduates

European officials expected in Chisinau for 16th meeting of Parliamentary Association Committee

IMF expert team visits Chișinău for annual consultations

Giurgiulești–Reni border crossing point temporarily closed following drone attack on Bolgrad

PHOTO, VIDEO // Discover Moldova with #MOLDPRES: Gate of the Nation, where traditions come to life

See more