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When the Euro was first introduced, the goal was to create a unified single currency market comprised of a number of different countries in mainland Europe and beyond. However, replacing dozens of different currencies across countless markets with a single payment method proved to be more complex than analysts made it sound, and some remaining processes have still failed to keep pace with progress today. The Single Euro Payments Area is an initiative that intends to modernise and streamline the processes of making and receiving card payments – in Euros – across the Eurozone, Ireland, Norway, Iceland, Liechtenstein, Switzerland and Monaco. For Irish construction firms, the date to bear in mind is the SEPA deadline of February 1st 2014.