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September 28, 2021
BUSINESS

Piraeus Bank Romania has implemented the contactless technology on the entire Visa cards portfolio

Starting on June 6, 2016, all the VISA cards issued by Piraeus Bank Romania will have the contactless technology incorporated, thus confirming the permanent concern of the bank to align to the modernization trend of the market.

Contactless technology is the quickest payment modality available today. Thus, a contactless payment lasts with 33 percent less than a standard payment by the card and with 52 percent less than a cash payment for small value transactions. We mention that important time savings are made even in the case of the bigger value payments that need the PIN code in addition.

There are more than 40,000 POS terminals today in Romania supporting contactless payents. Thus, Piraeus Bank Romania portfolio enters a select club of the banks offering the contactless facility for all kind of cards (in which only two banks are currently included).

“After only 6 months since launching the contactless credit cards, Piraeus Bank Romania has implemented this functionality also for the debit cards, willing to provide our clients an additional comfort when using cards, regardless of their type of card. When we use the card to buy our preferred morning coffee, to pay the lunch or any other shopping amounting less than RON 100, the contactless card helps us to perform a faster transaction, in a more comfortable and in a totally safe way.  In a few words, it simplifies our lives. By this action, Piraeus Bank Romania continues its mission to change clients’ lives in good to let them enjoy what it really matters to them”, stated the Deputy CEO Piraeus Bank Romania Madalina Teodorescu.

Contactless cards issued by Piraeus Bank Romania are keeping all the existing functionalities at the contact cards, either credit or debit cards. Clients having a card issued before launching the contactless facility can ask for its replacement with a contactless card in any Piraeus Bank Romania branch.

Piraeus Bank Romania is one of the most well capitalized banks on the local market, beng part of the Piraeus Bank Group. In the 16 years of operating on the Romanian market, Piraeus Bank has built a large network of units serving more than 300,000 customers. Piraeus Bank Romania has recently been granted with two important honors within the Top Bankers Gala: the prize for the best solvability and the prize for the smallest level of the inefficient credits, according to the audited numbers corresponding to the year of 2015 (medium banks category).

Piraeus Bank Group is the financial group having a strong experience on the retail banking and SME products segments, as well as on the capital, bank investments and leasing markets. Piraeus Bank Group is on the top of the greatest banks in Greece, being a European financial group focused on the South-Eastern Europe and being present in 9 countries.

 

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