Romania Goes Live with Instant Payments

April 22, 2019 - 24x7 Instant Payments Solution to Service the Romanian Banking Community

Montran presents and demonstrates its featured products:

The Instant Payments Service offered to the Romanian market by TRANSFOND was formally launched during the 2nd edition of the Digital Financial Services Forum which took place at the Romanian Banking Institute

Montran implemented its Instant Payments Application as an add-on to the Montran Automated Clearing House System operated by TRANSFOND. Instant Payments operates 24/7/365 and facilitates interbank transfer of funds within seconds, using ISO 20022 SCT Inst Scheme Compliant message standards.

Additionally, Banca Transilvania, Romania’s largest retail bank, chose to continue its long-lasting relationship with Montran and opted to implement the Montran Instant Payments Gateway to enable Instant Payments processing. The first instant transfer of funds between two client accounts held at different banks was made during the Digital Financial Services Forum on April 22nd in Bucharest.

For more information about the TRANSFOND Instant Payments Service, please visit: http://platiinstant.ro/en/

For more information about the Banca Transilvania Instant Payments Service, please visit: https://bit.ly/300TI7q