⚡️ Romania🇷🇴 is not left behind! The RoPay instant payment system was launched on October 14

Morgan Ellis

⚡️ Romania🇷🇴 is not left behind! The RoPay instant payment system was launched on October 14

RoPay is now available on mobile devices in an A2A format, offering features such as QR code scanning, deep links, NFC, and the option to use a mobile phone number as an alias (proxy) for the IBAN.

➡️ The first banks to implement this system were CEC Bank and Libra Internet Bank.

➡️ BRD Societe Generale, ING Bank Romania, BCR, and Banca Transilvania are in advanced stages of integration, and are expected to adopt RoPay between this year and 2025.

➡️ The service is primarily aimed at P2P payments for transactions within residential areas, and users must be clients of one of the participating banks.

➡️ The processing time is less than 10 seconds, ensuring a fast and efficient experience.

➡️ Key Data: Romania has a population of 19,038,098 people and a GDP per capita of 36,446 USD. However, nearly 7 million Romanians remain "invisible" to banks, as much of the population lives in rural areas with limited banking infrastructure.
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