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.
“Getting the authorization of the National Bank of Romania opens new perspective for us in the Romanian market, which has generous human and technical resources. We intend to provide integrated and innovative solutions tailored to the specific needs of the local market. We are committed to supporting the digitization and financial regulation of commerce, adding value through our advanced payment technologies,” said Burak Yildiran, CEO of TOKEN Romania.
TOKEN Payment Services is TOKEN’s first subsidiary in Romania. TOKEN is part of Koç Group, the biggest private holding in Türkiye where it manages over 900,000 active terminals and processes approximately 6 million transactions daily.
At the beginning of 2023, TOKEN expanded its operations in Romania, offering merchants one-stop-shop solutions with its Beko POS terminals and online solution which 100% developed in Romania.
These state-of-the-art payment solutions are designed for merchants of all industries and sizes, being used for both e-commerce and POS payments and integrated cash registers.
The company is also a manufacturer of its own payment equipment and devices under the Beko brand. TOKEN has recently obtained the fiscal certification in Romania for two innovative devices: a cash register with an integrated POS, made to fit the needs of the HoReCa and retail sectors, and a cash register with an unattended payment terminal, perfect for oil& gas fueling stations.