The EU's objective to create a common European payments market will officially take a step forward with the mandatory adoption of SEPA instruments within the European economic area from February 2014. This is intended to be the starting point of a market where all players will be able to make and receive payments in an easy and secure way, at cost and efficiency levels equal to those currently existing in the national territories. By Federica Scopelliti, International Cash Management Sales Italy at UniCredit Reprinted from TMI magazine (www.treasury-management.com)