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Discover all the payments and fintech-related news and analysis about Romania in The Paypers News, Reports, along with other Romania-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Romania in The Paypers News, Reports, along with other

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CEC Bank incorporates Open Banking solution

News | Online & Mobile Banking | 29 Mar 2021

CEC Bank has entered the Open Banking field, offering access to accounts from nine other Romanian banks and financial institutions in its mobile banking app.

Open Banking, mobile banking, banks, financial institutions, Revolut, data, transactions

Elrond partners with to enable eGold payments

News | Cryptocurrencies | 09 Apr 2021

Romania-based blockchain platform Elrond has announced a partnership with the cryptoshopping platform to introduce eGold as a payment option on US ecommerce websites.

partnership, product launch, cryptocurrency, ecommerce

Finqware raises EUR 500,000 investment in a seed round led by Elevator Ventures

News | Online & Mobile Banking | 21 Jan 2021

Finqware, a European fintech startup based in Romania, has raised a Seed round of EUR 500,000 for further expansion and product development, in a round led by Elevator Ventures, the corporate venture capital firm of Raiffeisen Bank International (RBI). 

Finqware, Elevator Ventures, fintech, Open Banking, banking

OneSpan, Orange Money to secure mobile banking app against fraud

News | Online & Mobile Banking | 11 Dec 2020

US-based OneSpan has announced that mobile-only bank Orange Money, has integrated OneSpan’s Intelligent Adaptive Authentication (IAA) to help fight online and mobile fraud.

OneSpan, Orange Money, partnership, mobile banking, Intelligent Adaptive Authentication, mobile fraud, AI, multifactor authentication, TID, payments

IFC lends support to UniCredit Leasing

News | E-invoicing, SCF & E-procurement | 13 Nov 2020

IFC, a member of the World Bank Group, has announced its support to UniCredit Leasing Corporation, Romania's leasing company, to increase access to finance for SMEs and to provide more climate finance to its clients across the country. 

IFC, UniCredit Leasing Corporation, leasing company, finance, SMEs

Finqware Technology partners with Banca Transilvania

News | Online & Mobile Banking | 09 Nov 2020

Banca Transilvania (BT) has selected Romanian startup Finqware to deliver new services to retail clients through a multi-banking feature.

Finqware Technology partners with Banca Transilvania, banking, partnership, Open Banking, fintech

FintechOS implements a digital solution at OTP Bank

News | Online & Mobile Banking | 06 Oct 2020

FintechOS, the global technology provider for banks, insurance and financial services companies, has created and implemented a digital onboarding solution for OTP Bank Romania. 

FintechOS, OTP Bank, digitalisation, onboarding, banks

Carrefour moves Romanian online delivery services to BRINGO delivery app

News | Ecommerce | 31 Aug 2020

France-based retail multinational corporation Carrefour has announced moving its online shopping services in Romania to delivery app BRINGO.

Carrefour, Carrefour Romania, delivery app, online shopping, ecommerce, retail chain, supermarket, hypermarket, Eastern Europe, Europe, Bringo

Up Romania rolls out facial-recognition payment system called PayByFace

News | Payments General | 17 Aug 2020

Financial solutions company Up Romania has announced the launch of PayByFace, a facial-recognition app.

Up Romania, Paybyface, facial-recognition payments, financial solutions, facial recognition, mobile app, payment card, selfie, PIN code, affiliated stores, biometric readers, consumer payment patterns, COVID19, pandemic

PayByFace launches touchless payments with facial biometrics in Romania

News | Mobile Payments | 28 Jul 2020

Romania-based fintech PayByFace has launched a biometric facial recognition-based payments system to Tucano Coffee shops in Bucharest.

Paybyface, biometric payments, biometrics, mobile payments, Romania, Tucano Coffee, Bucharest, payments

Edenred Romania launches Apple Pay mobile payments for digital meal vouchers

News | Mobile Payments | 26 Jun 2020

French-based prepaid corporate services provider Edenred has announced launching Apple Pay mobile payments for digital meal vouchers in Romania.

Edenred, Apply Pay, prepaid card, meal ticket, corporate card, mobile payments, Romania, Eastern Europe, CEE

First Bank launches Micro Creditum app

News | E-invoicing, SCF & E-procurement | 22 Jun 2020

First Bank has launched the Micro Creditum application, aimed at making the entire lending process more efficient for its business customers in need of finance. 

First Bank, Micro Creditum, app, lending, FintechOS, finance

Deloitte and FintechOS, partners in CEC Bank's digital transformation

News | Online & Mobile Banking | 31 Mar 2020

Deloitte Romania and FintechOS have created and implemented the technical solution for the “Welcome” package.

Deloitte, FintechOS, CEC Bank, digital transformation, fintech, innovation, mobile banking

Romania's ecommerce market up 22% in 2019

News | Ecommerce | 06 Feb 2020

Romania Insider has reported that the ecommerce sector in Romania hit EUR 4.3 billion in 2019, an increase of about 22% compared to 2018.

Romania, ecommerce, report, GPeC

Banca Comerciala Romana joins Instant Payments service with Allevo's support

News | Payments General | 30 Jan 2020

Banca Comerciala Romana (BCR) has joined the Instant Payments service offered by TransFond, with Allevo’s support.

BCR, banking, instant payments, Allevo

Contactless system for direct payment at turnstiles revealed by Metrorex, BCR

News | Online Payments | 28 Nov 2019

Metrorex and local lender Banca Comercială Română (BCR) have implemented a new card payment solution in 9 subway stations in Romania’s capital, as part of a pilot program.

Metrorex, BCR, contactless system, direct payment, turnstiles, Visa, MasterCard, cards, bank, fees, issuing bank, Romania

Instant Factoring attracts new external financing of EUR 6.3 mln

News | E-invoicing, SCF & E-procurement | 14 Dec 2021

Instant Factoring, the Romanian fintech that provides microfinance to small companies, has concluded a new round of external financing of 6.3 million euros.

financing , SMEs, e-invoicing, SME lending

Distance ID verification via video means implemented in Romania

News | Digital Identity, Security & Online Fraud | 03 Jan 2022

A public decision announced by The Authority for the Digitalization of Romania has mentioned that distance ID verification using video means is approved in full.

regulation, digital identity, digitalisation, digital verification

Sodexo Romania partners with food delivery app for payments

News | Mobile Payments | 19 Apr 2022

Employee benefits provider company Sodexo, through its regional branch Sodexo Romania, has partnered with local food delivery app Tazz to allow customers to pay using their meal cards. 

partnership, prepaid card, gift card , virtual card, delivery, loyalty programme

FintechOS secures USD 60 million investment

News | Payments General | 20 Apr 2021

Romania-based FintechOS has raised USD 60 million in Series B funding, according to the official press release. 

investment, fintech