November 28, 2022

Pago, the Romanian cell app via which nearly 10 million utility payments value over 1.1 billion lei have been paid, pronounces the launch of the cash switch, easy and real-time, to any card issued by a financial institution in Romania, solely based mostly on the cellphone quantity.


Thus, Pago customers can switch cash by way of the app in real-time, at any time, to any card issued by banks in Romania or to Revolut playing cards, utilizing solely the cellphone numbers of the recipient. Additionally, cash requests are doable, the recipient receiving an SMS with a fee hyperlink – no POs, IBAN or registration in banking platforms wanted.

Cash switch is, alongside the fee of payments, among the many most steadily used functionalities in monetary apps in Romania. Primarily based on the solutions obtained from Pago customers, we’ve created a greater fee expertise, that facilitates transfers in real-time, at any time, together with weekends or public holidays, between any two playing cards, whatever the issuing financial institution. For now, we have now the chance to switch cash between playing cards issued by banks in Romania or Revolut, with the choice of switch between any playing cards issued by banks within the European Union to comply with later this yr“, Adrian Cighi, CEO and co-founder of Pago, mentioned.

To mark the launch of this new function within the Pago app, the primary cash transfers made by a Pago person utilizing a Visa card can be free to make from 7 February 2022 to 30 March 2022.  Throughout this era, Visa cardholders which can be Pago customers may also profit from a number of different particular gives.

“We’re delighted to increase our collaboration with Pago, launching new fee providers devoted to Visa cardholders, who’re demanding for quick and accessible fee options. Any more, Pago prospects who’ve enrolled a Visa card within the app will be capable of ship and obtain cash in real-time, whether or not it’s sharing the invoice on the restaurant, or loans to buddies or relations. Visa Direct real-time funds answer makes it safer, simpler, and extra handy for shoppers to pay and obtain cash from friends, with none must enter the cardboard particulars or further steps. Furthermore, Visa cardholders who use this service may also profit from the benefits included within the promotional marketing campaign via which we purpose to reward those that select to make digital funds, and on the similar time encourage different customers to undertake this service”, Elena Ungureanu, Visa Nation Supervisor in Romania, mentioned.

Customers who have already got a Pago subscription will profit, no matter the kind of card used, from 1 free switch per 30 days throughout the Premium subscription or 3 free transfers per 30 days throughout the Limitless subscription. The price per transaction can be solely 0.99 lei, whatever the worth transferred, and provided that the free transfers have been consumed. Every cash switch may also convey Pago Factors, which can be utilized for partially or absolutely paying payments, card top-ups or insurance coverage insurance policies.

Furthermore, Pago customers will be capable of select between 3 particular subscriptions for cash switch, no matter the kind of card: Bronze (3 transfers included, for two.59 lei/month), Silver (5 transfers included, for 3.99 lei/month), and Gold (8 transfers included, for five.99 lei/month).

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