Payment processing infrastructure was developed by electronic payment system Transfond jointly with the commercial lenders, the Romanian Association of Banks, which is the manager of the national payment scheme, and the NBR, which supervises payment schemes.
By payment volumes, the Instant Payment service in the first seven months of this year posted 55% more transactions than in the entire 2020, and the trend is one of ongoing growth, from month to month.
With each newly registered institution, the network effect enhances service addressability, providing final clients with a complete payment experience, set to be available in the end to any banking or payment account.
(English version by Catalina Apostoiu)