Alpha Bank Romania launches Instant Payments - customers can pay and receive money in a few seconds

Alpha Bank Romania launches instant payments, through which customers – both individuals and legal entities – can send and receive money in a few seconds, at any time: 24 hours a day, 7 days a week, 365 days a year.

Through Alpha Bank Romania’s participation in the instant payment scheme made available by TRANSFOND, customers can receive or send money via online banking, in just a few seconds, to almost all the partners in Romania.

“In a world where people expect everything to happen here and now, of instant messages and replies, money also needs to flow in real time, anytime, at any time – Monday to Sunday and during holidays. We are constantly trying to provide modern, fast and secure payment solutions to meet the ever-changing needs of our customers and we are pleased to provide them with the real-time transfers facilitated by the instant payment scheme. Moreover, for Alpha Bank customers the benefit of speed comes at no additional cost”, said Florin Brănici, Digital Banking and Alternative Channels Manager, Alpha Bank Romania.

“We welcome our colleagues from Alpha Bank Romania to the family of banks that offer Instant Payments, and we are pleased to see that about 75% of the retail interbank non-card, account-to-account payments market becomes active in real-time, 24/7/365. With Alpha Bank Romania and other members of the banking community that will follow, retail electronic payments in Romania rise to a level where, with a few clicks on any kind of electronic device, at any distance, consumers and businesses are able to pay and collect money regardless the hour, for any daily activity“, said Răzvan Faer, Head of Development Department, TRANSFOND.
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Through the instant payment scheme, consumers can send or receive money at any time, even on weekends, holidays, day or night. Money reaches its destination in seconds, whether it’s payments for purchased goods or services, money transfers to relatives, friends or acquaintances, bills or taxes.

Businesses of any size can make quick payments to suppliers, partners or employees, while at the same time the instant payments service offers better liquidity management, financial fluidity and operational efficiency.