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Payments General

Instant interbank transfers launch in Romania in December 2018

Thursday 6 December 2018 | 12:40 PM CET

Transfond will launch its instant payments service for local banks on December 10, 2018.

This solution will allow banks that implement it to offer their clients the possibility to transfer money between accounts at different banks in just seconds.

Banca Transilvania and CEC Bank have already tested this solution and are ready to implement it while BCR will start in March 2019.

Transfond is the entity in charge of the automated clearing of interbank commercial payments in Romania.

More: Link
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