BANCI | ENGLISH

Mobile payments: Romanian first electronic wallet mobilPay is integrated into MasterPass

Autor:

2014-09-16 09:26

There are three ways to pay with a smartphone in Romania: 1. By MasterCard electronic wallet, called MasterPass, an application with your cards information and other personal data that makes mobile payments real simple, with a single tap.

The method was implemented in Romania last year by Romanian company Netopia, through the mobilPay Wallet application, in cooperation with MasterCard. The advantage is that it can be used by customers of any bank and any type of card, not only MasterCard but also Visa;

2. Mobile payments via QR codes, at cash registers of off-line and online retailers, no card needed, just a bank account. This method can be used only by customers Garanti Romania.

3. Mobile payments at a contactless POS with phones equipped with an NFC chip, such as the new iPhone 6, but also some Samsung phones, a payment method that can be used only by customers of ING Romania.

The electronic wallet mobilPay was launched last year, in partnership with MasterCard, initially to pay only phone bills. Subsequently, the innovative Romanian firm Netopia, led by Antonio Eram, extended mobile payment solution for paying road tax, then payments to various online stores, and more recently even in stores (off-line) on the street, such as Flori de Lux in Brasov, by QR codes technology. (See more here)

Taguri:

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii