Another three SEPA participants via euroSIC
WIR Bank, Banque Algérienne du Commerce Extérieur and Saxo Bank (Schweiz) will participate in the SEPA Credit Transfer Scheme from 4 November 2013.
Thus, 133 out of 162 financial institutions from Switzerland and Liechtenstein are using the Swiss SEPA payment channel via euroSIC/SECB/STEP2.
SEPA credit transfers
Banks participating in the euroSIC system are able to send and receive SEPA-compliant credit transfers with little effort.