In a Europe Day statement, the National Bank of Moldova highlighted progress in integrating Moldova’s financial sector with the European framework, focusing on alignment with European standards, modernisation of payment infrastructure, and safer and more efficient payment services. The statement framed these developments as part of the country’s broader European integration path. The central bank pointed to Moldova’s banks being accepted into the Single Euro Payments Area one year earlier and said this has translated into faster, safer and more affordable transfers for citizens, companies and the diaspora. More than 70% of cross-border euro transaction volume is now processed through SEPA, while transfer costs have fallen by more than 90% to an average of EUR 1.26 per transfer. It also cited work on financial inclusion and stronger dialogue with European institutions and partner central banks.
National Bank of Moldova 2026-05-09
National Bank of Moldova highlights SEPA driven transfer cost cuts of more than 90 percent and broader EU integration progress
The National Bank of Moldova, in a Europe Day statement, highlighted progress in aligning the country’s financial sector with the European framework, including modernisation of payment infrastructure and safer, more efficient payment services. It noted that Moldovan banks’ access to the Single Euro Payments Area has led to more than 70% of cross-border euro transaction volume being processed through SEPA and a reduction in transfer costs of over 90% to an average of EUR 1.26 per transfer, alongside efforts to enhance financial inclusion.