The Euro Banking Association (EBA), also referred to adding its French acronym ABE-EBA (French: Association bancaire pour l'euro), is a trade association for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiatives. The ABE-EBA has strived to contribute to the creation of a standardised Single Euro Payments Area (SEPA).[2]