Romanian banks launch cardless instant money transfer system RoPay
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the…
iulian ernst · Journalist
· Updated · 2 min read
Transfond, which operates the interbank payments automated clearing house, and the Romanian Association of Banks have officially launched the domestic payment system RoPay, which allows transfers from account to account without the intermediation of card operators such as Visa or Mastercard.
"RoPay differentiates itself from other payment solutions through speed, lower costs, and 24/7 availability," said Florin Danescu, executive director of the Romanian Bank Association, quoted by Profit.ro.
