In this article we aim at drawing up a concise presentation of the electronic payment system in our country combined with assessments of this system aligned to the European Union’s from the point of view of functionalities as well as respecting European and international standards and practices in the field. Interbank real time settlement system in Romania is structured in order to be compatible with similar infrastructures in the European Union member states, Single Euro Payments Area. Payments handling will be simplified as all incoming and outgoing payments will use the same format.By providing new payment instruments and common interoperable infrastructures, SEPA will bring about further European integration and market efficiency.

interbank payments, electronic system, Eurosystem, efficiency