The Romanian-Czech neo-bank Octobank, founded by entrepreneur Bogdan Atanasiu, is aiming to attract SME customers from the online retail area. Octobank is a neo bank and integrator of beyond banking solutions dedicated to European businesses, with a primary focus on e-shops & merchants.
The private bank, based in Prague and with the main focus on online stores and merchants in the EEC region, will initially operate on the Czech market, and later in Romania, Poland, and Hungary.
“We chose the Czech Republic as the first market to launch operations because in recent years it has recorded the largest share of contactless payment transactions at points of sale (POS) in all European countries, this being the basis on which the Octobank solutions. And we expect this trend to cover the entire CEE region, where we intend to continue the expansion with Poland, Romania, and Hungary at a later stage”, says Bogdan Atanasiu, founder and CEO of Octobank.
Octobank will provide services exclusively online, through web and mobile applications. The virtual and physical debit cards issued by the bank are compatible with online and POS payments with Google Pay and Apple Pay, also offering the possibility to withdraw cash at any ATM.