Raiffeisen Bank in Romania offers its SME customers instant payment through the New Raiffeisen Online for SMEs and Raiffeisen Smart Business applications. So, SMEs can transfer their funds, under RON 50,000 (approx. EUR 10,000) in real-time.
The customers who have current accounts in RON at Raiffeisen Bank Romania can receive money from accounts opened at banks participating in the Instant Payments system, in less than 10 seconds.
In addition to instant payments, the Raiffeisen Smart Business application offers multiple benefits to SME customers: free notifications, balance view with a single move, smart search engines, payment templates, multiple authorizations, salary payments, sending account statements with a single click, etc.
“We are talking about another important step for the transformation of the way SMEs make their payments. The transactions are executed immediately, and the funds are reflected in the partners’ accounts in a few seconds. Instant access to money improves customer turnover and liquidity, thus facilitating the granting of possible commercial discounts. We continue to invest in the expansion of instant payments by adding new options, such as QR code transactions,” – said Florentina Stilu, Director of Transaction Services at Raiffeisen Bank Romania.
You can find more information here (in Romanian).
Source: the Bank`s press release dated April 12, 2023