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TRANSFOND, in partnership with the Romanian Association of Banks, launched on 11 April 2016 the service of processing direct debit instruments in the SEPA format

Romania became the first European Union member state in the area the non-euro which applied fully SEPA standards for payments in national currency.

Romania became the first European Union member state in the area the non-euro which applied fully SEPA standards for payments in national currency.


The Romanian Association of Banks manages the SEPA payment schemes in Romania.
SEPA Direct Debit in national currency has been launched with an additional service, administration of the mandates - the Unique Registry of Mandates - a centralized database which manages all mandates for Direct Debit in lei.

 

For more information, please see the Romanian version of the article, here.

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SOCIETATEA DE TRANSFER DE FONDURI SI DECONTARI TRANSFOND SA