Romania news and trends

National Bank of Romania Warns Consumers About Deepfake Videos
Security & Fraud // February 05, 2024

Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed him promoting fraudulent investments, Bloomberg reported Monday (Feb. 5). This incident has raised concerns about...

FinTech PayU Rolls out Credit Payments in Romania
eCommerce // February 15, 2022

Online payments solutions provider PayU on Tuesday (Feb. 15) debuted two credit solutions for Romanian shoppers, according to a company announcement. Bucharest-based online retailer eMAG is the first partner to offer its customers the opportunity to either postpone a payment or to pay in four...

WU: On Track to Launch Digital Bank Pilot by Year’s End
Earnings // November 02, 2021

The Western Union Company (WU) touted its upcoming Germany and Romania digital banking pilot in its third quarter earnings results, according to a press release. WU President and CEO Hikmet Ersek said in the release that the digital bank should launch before the year’s end....

Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case
Bitcoin // June 14, 2020

Xapo, a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location. In...

Interviews & Exclusives
Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way

November 06, 2024
Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments, prompting providers to prioritize compliance with its regulations. A recent example is Broadridge Financial Solutions, which just launched its Instant Payments Service for real-time money transfers. The service uses the […]

Credit, On A Cardholder’s (Flexible) Terms

December 02, 2016
Mastercard is rolling out a new program that gives cardholders another option for financing their purchases, leveraging their existing credit, debit and commercial cards: installment payments. In an age where...

Quick Reads
National Bank of Romania Warns Consumers About Deepfake Videos

February 05, 2024
Romania’s central bank governor, Mugur Isarescu, found himself unwittingly associated with false financial recommendations after being targeted by a deepfake video. The video, which utilized Isarescu’s image and voice, portrayed him promoting fraudulent investments, Bloomberg reported Monday (Feb. 5). This incident has raised concerns about the rising number of deepfake attacks, which involve the use […]

FinTech PayU Rolls out Credit Payments in Romania

February 15, 2022
Online payments solutions provider PayU on Tuesday (Feb. 15) debuted two credit solutions for Romanian shoppers, according to a company announcement. Bucharest-based online retailer eMAG is the first partner to...

WU: On Track to Launch Digital Bank Pilot by Year’s End

November 02, 2021
The Western Union Company (WU) touted its upcoming Germany and Romania digital banking pilot in its third quarter earnings results, according to a press release. WU President and CEO Hikmet...

Bitcoin Daily: Xapo Stops Credit Payments for Crypto; Former CoinFlux Owner Pleads In Crypto-Laundering Case

June 14, 2020
Xapo, a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk....