The National Bank of Moldova has published a first year assessment of the country’s operational connection to the Single Euro Payments Area, reporting that SEPA has become the main channel for cross border euro payments. Nearly eight in 10 transactions now use SEPA, giving individuals and businesses faster transfers at substantially lower costs and under the same payment standards as participants in the European Union. From October 2025 through September 2026, SEPA processed 1.2 million transactions at an estimated cost of EUR 1.3 million. The same transactions would have cost about EUR 17.7 million through the traditional SWIFT system, producing estimated savings of EUR 16.4 million. Average fees for a cross border euro transfer fell from EUR 20-150 to about EUR 1, while the number of transactions processed daily by the banking system increased by approximately 1,877.
National Bank of Moldova reports SEPA handles nearly 80% of transactions after first year, saving Moldovans EUR 16.4 million
The National Bank of Moldova reported that SEPA handles nearly eight in 10 transactions one year after the country became operationally connected. The system processed 1.2 million transfers at an estimated cost of EUR 1.3 million, saving Moldovans EUR 16.4 million compared with traditional SWIFT transfers. Average cross border euro transfer fees fell from EUR 20-150 to about EUR 1.