This partnership provides more than 45.000 users of the EasyBill platform with the possibility to issue invoices that can be paid digitally.
SmartPay is the first local online account-to-account payment service authorized by the National Bank of Romania.
“Digitalized online account-to-account payments with the help of SmartPay offer EasyBill users a secure, simple, and low-cost payment method. Fees at least 50% lower than when paying by card are now possible through Open Banking technology, which eliminates payment processors and card schemes and implicitly reduces the risk of fraud. The partnership with EasyBill brings this payment method to its users, with the solution already available on the platform. EasyBill users can issue invoices at any time and offer SmartPay for their payment which can be initiated right from the invoice”, stated Alice Anghelea, Revenue Growth, Smart Fintech.
Thanks to the SmartPay solution’s design, EasyBill users receive the money directly into their account instantly or by the next day. Other pluses are easy reconciliation and low cash-out costs compared to card payment fees. Also, with this new technology, errors that can occur when initiating payments, can be avoided.
“The integration of the SmartPay solution by the EasyBill platform can translate into a complete service that provides a fast payment experience, made directly from the customer’s bank account to the supplier’s, without the need to access or store confidential payment information. An advantage for users is that using SmartPay does not require separate contracts with third parties. This partnership will enable over 45.000 EasyBill users to make direct payments from their accounts to customer accounts. This service is aligned with our strategic direction to offer Romanian SMEs the simplest digitalization and business automation solutions, as well as smart and fast financing options”, stated Daniela Bojinca, Growth Marketing Manager, Filbo & EasyBill.
The digitalization of online account-to-account payments for payment acceptance and origination is increasing as web or mobile application providers consider easing the payments for their users.
Smart Fintech is a Romanian startup which was established as an innovation laboratory in 2019. It was co-founded by Mihaela Georgescu, Ana Maria Georgescu, Alexandru Cociu and Andrei Dumitru who have worked on IT projects for over 20 years.