On October 7, 2024, TOKEN was authorized by Romania’s national bank to accept online payment operations and transactions at physical POS (point of sale) terminals, in accordance with PSD2 regulation. Furthermore, the country’s central bank authorized TOKEN to conduct money remittance operations, facilitating the activities of online marketplace stores, company officials announced on Oct 14. This authorization marks a crucial step in TOKEN’s expansion on the Romanian market and underscores the company’s commitment to providing innovative, safe, and efficient payment solutions.
KPMG Legal – Toncescu si Asociatii and KPMG Advisory consultants provided assistance throughout the process of authorizing Token Payment Services as payment institution, including assistance with respect to the necessary documents and the business plan, while also providing continuous consulting services regarding this process within the rounds of submitting the documents to the national bank.
Proiectul multi-jurisdicțional a inclus asistență specializată în tări precum Turcia, Tările de Jos, SUA, Franța, Azerbaidjan și a fost coordonat din România de casa de avocatură KPMG Legal – Toncescu și Asociații, condusă de Laura Toncescu și a inclus avocații Sebastian Olteanu – Partener, Günay Duagi – Counsel, Raul Dimitriu – Managing Associate și Dariana Vișoiu – Associate. Echipa KPMG Advisory a fost formată din Călina Iacob – Associate Partner, Silvia Chiriac și Alexandra Arghiroiu – Senior Manageri.