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Pay by Bank (RO)
Pay by Bank in Romania is an emerging payment method that allows direct account-to-account payments through secure APIs provided by banks, facilitated under the EU's PSD2 regulation.
Method
Pay by Bank (RO)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
RON
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Regulatory push in Romania, including a 2024 law mandating merchants to offer at least one electronic payment option, favoring digital alternatives like open banking.
