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Premiere in Romania: instant receipts in euro through Banca Transilvania

26 September 2022 Reading time 2:00 minutes

Banca Transilvania has launched the instant receipts in euro, a free service thanks to which individuals and legal entities receive, on the spot, the money from one of the banks in Europe, part of the TIPS (TARGET instant payment settlement) settlement system. BT is the only bank in Romania that offers customers this facility.


Banca Transilvania customers can track the receipt of money through Neo and BT24.

"We are taking another step in terms of instant bank transfers in Romania. Customers now have access to a service that means quick access to money received from a country in Europe. The adoption rate is already very good: from the first day after the activation of the service, almost 15% of BT customers' receipts in euros are instant. We thank the NBR for its support and involvement, as administrator of the TIPS payment system in Romania and which ensures the connection mechanisms to the European settlement systems", says Leontin Toderici, Deputy General Manager of Operations, Banca Transilvania.

Instant Payments were launched in Romania three years ago by Transfond, Banca Transilvania and CEC Bank, meaning the possibility to transfer lei, in real time and non-stop, to the other banks in Romania that have joined this system.


The developer of the IT solution for instant receipts and payments in euro at Banca Transilvania is Montran, the leader on the market of payment systems for the infrastructure of central and commercial banks, with 20 years of activity in Romania and 40 years worldwide. More than 100 commercial banks and about 60 national banks in 70 countries use payment systems implemented by this company.


Banca Transilvania is preparing the launch of Instant Payments in euro for next year.

Press contact

comunicare@btrl.ro

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