# San Marino — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/SM
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **SEPA member** since February 2014
- **EPC QR available** through SEPA infrastructure
- **No San Marino-specific QR standard** discovered
- **2024 SEPA Regulation** updated payment rules
- **Small microstate** with limited banking sector

## Banking landscape

### Central Bank
- **Name:** Banca Centrale della Repubblica di San Marino (BCSM)
- **Website:** https://www.bcsm.sm/
- **Role:** Banking supervision, SEPA coordination

### Major Banks

| Bank Name | Type | Notes |
|-----------|------|-------|
| Cassa di Risparmio della RSM | Savings bank | Oldest institution |
| Banca di San Marino | Commercial | Full-service banking |
| Banca Agricola Commerciale | Commercial | Agricultural focus |
| Banca Sammarinese di Investimento | Investment | Specialized services |

### Market Structure
- **Small Sector:** Limited number of banks
- **EUR Currency:** Via monetary agreement with EU
- **SEPA Integrated:** Full access since 2014
- **Private Banking:** Some wealth management focus

### Historical Context
- Banking sector reforms in recent years
- International transparency improvements
- EU standards alignment
- AML framework strengthened

---

## Payment infrastructure

### Payment Systems

| System | Status | Notes |
|--------|--------|-------|
| SEPA Credit Transfer | Active | Since February 2014 |
| SEPA Direct Debit | Active | Business and consumer |
| Card Networks | Active | Visa, Mastercard |

### SEPA Membership
- Member since February 1, 2014
- Full SEPA Credit Transfer access
- 1 business day execution time
- Harmonized European instrument

### 2024 Regulatory Update
- Regulation No. 2024-04 issued
- Aligns with EU Regulation 260/2012
- Implements EU Regulation 2024/886 changes
- Updated payment transaction rules

---

## QR code standards

### No San Marino-Specific QR Standard

San Marino does not have a country-specific QR payment standard. Current status:

| Feature | Type | Status |
|---------|------|--------|
| National QR Standard | Not established | N/A |
| EPC QR | European standard | Available |
| SEPA Mobile | Via banks | Limited |
| Card payments | Primary | Active |

### EPC QR Availability
- Available through SEPA infrastructure
- Standard European format
- EUR payments only
- Not prominently marketed

### Why No QR Standard?
1. **Microstate:** ~34,000 population
2. **SEPA Integration:** Uses European standards
3. **Limited banking sector:** Few institutions
4. **EUR usage:** No domestic currency needs
5. **Italian influence:** Uses Italian systems

---

## Mobile payment apps

| Bank | Mobile Banking | SEPA | International |
|------|----------------|------|---------------|
| Cassa di Risparmio | Yes | Yes | Yes |
| Banca di San Marino | Yes | Yes | Yes |
| BAC | Yes | Yes | Yes |

### Banking Features
- SEPA transfers
- EUR accounts
- International payments
- Online banking standard

### Digital Adoption
- Modern banking apps
- SEPA integration
- Cross-border EUR payments
- Italian banking influence

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [EPC QR](https://docs.barcoder.ai/docs/payments/SM/epc-qr) | Invoice QR | QR Code | Limited | [`epc-qr`](https://docs.barcoder.ai/docs/standards/epc-qr) |
| [Card Payments](https://docs.barcoder.ai/docs/payments/SM/card-payments) | Cards | EMV | Active | — |

## Sources

- [BCSM - SEPA](https://www.bcsm.sm/site/en/home/functions/statutary-functions/payments-system/sepa.html)
- [BCSM - SEPA Information](https://www.bcsm.sm/en/functions/statutory-functions/payment-system/sepa)
- [BCSM - Regulation 2024-04](https://www.bcsm.sm/hubfs/64316Reg_2024-04_ENG.pdf)
- [Wikipedia - EPC QR Code](https://en.wikipedia.org/wiki/EPC_QR_code)
- [Wikipedia - Single Euro Payments Area](https://en.wikipedia.org/wiki/Single_Euro_Payments_Area)
- [B2B Pay - SEPA Countries](https://www.b2bpay.co/sepa-countries)
- [Stripe - SEPA Country List](https://stripe.com/resources/more/sepa-country-list)
- [Atlar - SEPA Guide](https://www.atlar.com/guides/sepa-bank-payments)
- [GitHub - SEPA QR Code](https://github.com/derhuerst/sepa-payment-qr-code)
- [EPC - QR Code Standardisation](https://www.europeanpaymentscouncil.eu/sites/default/files/kb/file/2024-06/EPC024-22v2.10%20Standardisation%20of%20QR-codes%20for%20MSCTs.pdf)

## Full country report

[SM-san-marino.md](https://docs.barcoder.ai/docs/payments/SM)