Banca Transilvania launches BT Pay, wallet application for shopping and money transfer with the phone

● BT, the only bank in Romania that offers the possibility to pay contactlessly, by phone ●

Update time 12.00: Almost 1000 downloads of the BT Pay application in about an hour. 

Banca Transilvania launches BT Pay,a wallet application for shopping and money transfer with your phone. It becomes a digital wallet,changing the shopping experience for BT customers who have a Visa or Mastercard debit or credit card, but also the one of sending money. The application can be downloaded from the Google Play Store or App Store, on android and iOS smartphones and involves adding cards in digital format.

The launch marks two firsts: BT Pay is the first wallet in Romania that allows contactless payments, based on intelligent payment technology Visa Token Service and MasterCard Digital Enablement Service, respectively it is the first digital wallet in South-Eastern Europe to use Visa's token service.

BT Pay means the collection of payment accessories that Banca Transilvania has launched so far - the sticker, the watch and the contactless bracelet - and starting today, the wallet application.

With the help of BT Pay, BT customers can achieve the following:

• Payments in the country and abroad,by approaching the smartphone to the contactless terminations of merchants, functionality valid for smartphones with Android operating system, iOS system not allowing access NFC (Near Field Communication) for third-party applications.
• Money transfer between your own cards and to other people who have a BT card.  
• See the details about the transactions made with the BT card,the balance and, in the case of credit cards, the monthly payment amounts and the accumulated STAR loyalty points.
• Accessing the bank's offers and the campaigns of the BT partners from the STAR program,dedicated to those who have shopping cards from Banca Transilvania.  

Banca Transilvania's partners for the development of BT Pay are: Visa; Mastercard; Endava,a British IT services and solutions company with a strong presence in Romania and Inside Secure,a global leader in mobile device security.

Statements:

• Banca Transilvania: Ömer Tetik, General Manager:

"Through BT Pay we want to offer our customers new experiences when they are shopping, when they want to send money or check the transactions made with the BT card. Our bank's appetite for contactless purchases is increasing, the increase being of over 350% in December 2017, compared to December 2016. Also, every second means 5 transactions made with one of the 20 cards in our offer. The launch of BT Pay a big step that the bank is taking to provide customers with digital services".

• Visa: Catalin Cretu, General Manager for Romania, Croatia, Malta and Slovenia:

"We are honored to launch together with Banca Transilvania the first digital wallet in South-Eastern Europe that uses Visa's tokenization service. It is a significant step forward in the long-term partnership we have developed with BT, given that over 2 million Visa cardholders issued by Banca Transilvania will be able to use their mobile phones for fast and secure payments to millions of merchants around the world that accept contactless transactions. Since contactless technology has been enthusiastically adopted by Romanians in recent years, we are confident that the digital wallet launched today will become a success shortly". 

• MasterCard:Cosmin Vladimirescu, General Manager Mastercard:

"We are glad that, together with the partners from Banca Transilvania, we managed to launch another one of the projects that contribute to the development of the electronic payments segment. It is all the more gratifying as it happens even 10 years after mastercard launched, for the first time, contactless payments, a payment option with a fulminant evolution. Mastercard will continue to be constantly and sustainably involved in ensuring access to simple, fast and secure payments, and the first wallet that allows contactless payments is an important milestone in the materialization of efforts in this direction‟, said Cosmin Vladimirescu, General Manager Mastercard.

Banca Transilvania is the leader of the card market in Romania, with over 3 million cards in its portfolio and over 20% market share in terms of card traded volumes.

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