- Finland is part of the Single Euro Payments Area SEPA. Its rules and standards are maintained by the European Payments Council (EPC).
- Finnish account numbers are in the IBAN format. Companies can choose between the Finnish creditor reference standard and the Global Structured Creditor Reference (RF Creditor Reference).
- Finnish banks have agreed on Additional Optional Services (AOS) and national practices for SEPA Credit Transfers. The banks use both international and domestic standards for invoicing and payments processing.
Finance Finland (FFI) is engaged in lobbying and cooperation in both domestic and international payment systems and payment services.
What is Finance Finland’s role?
Finance Finland’s payments sector lobbying and cooperation cover payment systems and payment services as well as other closely related activities.
1
Shared view
We promote the sector’s shared view on legislative and regulatory initiatives.
2
Standards
We seek to influence the development of SEPA payment services and EU standards in European organisations.
3
Cooperation and security
We safeguard and enhance the functioning and security of Finnish payments in cooperation with authorities, member companies and other relevant parties.
Contact our experts
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Jussi Snellman
Head of Payment Systems
Payments, account-to-account payments, SEPA, infrastructures, EPC, NPC, EBF
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Jarmo Markkanen
Head of Payments Standardisation and E-invoicing
Finvoice, e-invoicing, payments standardisation
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Miia Zitting
Payments Specialist
SEPA payments, payment schemes and standards, verification of payee, payment security
