Vista Bank is the sixth bank to join the national payment system RoPay, the infrastructure that enables instant money transfers in Lei from one bank account to another, 24/7 without the need to manually enter banking details.
„The first RoPay feature offered by Vista Bank is proximity person-to-person (P2P) instant payments between individuals, in which the Beneficiary simply generates a QR code, and the Payer scans it, directly from their mobile banking apps. To use RoPay, both the Payer and the Beneficiary need to be next to each other, have their mobile banking apps installed, while their banks must support the RoPay QR code instant payments between individuals.” – the bank explained.
Thus, the new RoPay feature available in Vista Mobile Banking allows individual clients to:
. Receive money by simply generating a QR code: The Beneficiary selects the account into which
they wish to receive the funds, enters the desired amount, and generates the QR code. The Payer
then scans the QR code with their own app, checks the payment details, and authorizes the
payment. The amount can be fixed or editable, in which case the Payer can adjust the amount
after scanning the QR code.
. Send money by scanning the QR code generated on the Beneficiary’s mobile phone – an
individual who has access to RoPay via their bank. Then the Payer checks the details and
authorizes the payment.
Transactions are processed in just a few seconds, have a limit of 49,999 lei per payment, and are free of charge for both the Payer and the Beneficiary.
“Implementing RoPay marks another milestone in our strategy to further develop our digital platform and to offer fast, intuitive, and secure solutions to our clients. By integrating RoPay payments into the Vista Mobile Banking app, we facilitate instant money transfers between individuals in proximity in the most efficient way. RoPay is an innovative step forward in payment digitalization, the expansion of interoperability within the Romanian banking system, and the empowerment of clients. In the coming period, Vista Bank will continue to expand RoPay with many high-value features such as alias- based transfers, POS, e/m-commerce, bill payments, and more.”- said Georgios Athanasopoulos, CEO of VISTA.
To implement RoPay, Vista Bank collaborated with Getik, a Romanian technology company specialized in digital solutions for the banking industry.
RoPay was developed by TRANSFOND in collaboration with the Romanian Banking Association and is offered to end consumers through the mobile banking applications of Romanian commercial banks.
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