Binance to resume SEPA bank transfers in partnership with Paysafe

Crypto exchange Binance has partnered with London-based payments company Paysafe to resume Single Euro Payments Area (SEPA) bank transfers for customers.

Binance temporarily suspended SEPA transfers in July of last year due to “events beyond our control.” Now the exchange has begun rolling out support for SEPA — a system that allows users to make cashless euro payments via bank accounts anywhere in the European Union, as well as several non-EU countries.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

"There's a small set of users who will have [SEPA] access today as part of testing before it rolls out to other users across the EEA (European Economic Area)," a Binance spokesperson told The Block.

Paysafe will essentially act as a fiat on-ramps partner for Binance in Europe. The Binance spokesperson said Paysafe has developed a platform for Binance, using both their digital wallet technology and their payment processing capabilities, which will support Binance’s fiat-to-crypto services for users in Europe.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.