The Romanian Central Bank, in a landmark decision with implications for the evolution of digital finance in Europe, has approved the acquisition of Twispay by Elrond. Twispay is a financial institution licensed to provide payment services and to issue electronic money in accordance with the legislation in force and with the authorization received from the National Bank of Romania. Moreover, Twispay is a principal member of Visa (for issuing Visa […]
Smart Fintech launches SmartPay, the first alternative payment solution through Open Banking authorized by NBR in Romania. The fintech aims to execute in 2021 a number of several thousand payments per month through the SmartPay solution and expects the Open Banking competition to start in Romania. The new Open Banking system brings significant changes to the traditional financial market. At the European level, the demand for Open Banking services is […]
Fintech Innovation Hub is a platform for dialogue with companies developing innovative public interest solutions in the area of payment and financial services (FinTech). Thus, the NBR aims to support the market developments in payment and financial services as well as to bring innovation monitoring into line with European trends in the area of payment services and payment instruments, in order to ensure their security and safety. “The FinTech Innovation […]