BT Leasing simplifies bill payments with Finqware technology: direct from your account, no cards or cash

BT Leasing and fintech Finqware announce a first among leasing companies in Romania: payment of leasing invoices directly from your bank account, initiated through a personalized link. Over 100,000 payments are made monthly through BT Leasing.

The payment option is being implemented gradually over a few months. The roll-out has started with advance invoices and will be followed by monthly and recurring invoices.

What this means for BT Leasing customers:

• Payments simplified to the max;
  
  
• Eliminate errors as you no longer need to enter details manually;
  
  
• Tracking the payment processing status in the mobile/internet banking application;
  
  
• Fast cash collection;
  
  
• Maximum security, payments are authorized directly in the platform of the bank from which the payment is made.
  
  

The solution is deployed with FinqLink technology, which uses advanced open banking capabilities to transform the way businesses process collections. It enables automatic reconciliation of collections by fully integrating the payment order data into BT Leasing systems. Matching payments to invoices is done without exposing sensitive data and based on multiple authentication.

For BT Leasing, the implementation of the new payment solution represents a step forward in digitization, automation, a significant reduction in operational costs and a step forward in customer experience. What we wanted for them was a modern, secure and efficient solution that simplifies the payment process. Finqware offered us exactly that, technology based on open banking, with benefits for both customers and BT Leasing.

Ionuț Morar
Managing Director
BT Leasing

Working with BT Leasing confirms the direction in which modern payments are heading: simplicity, speed, security. FinqLink is a purpose-built solution for companies that issue invoices and want to take the friction out of the collection process. We are pleased to contribute to accelerating digitalization in leasing in Romania and trust that BT Leasing will inspire other players in the industry.

Cosmin Cosma
CEO
Finqware

BT Leasing, Banca Transilvania and Salt Bank are the companies of the Banca Transilvania Group using the Finqware platform.