More
    HomeTechnologyDigitalizationBanca Transilvania and BPC deliver Romania’s first EU Digital Identity wallet payment

    Banca Transilvania and BPC deliver Romania’s first EU Digital Identity wallet payment

    Published on

    Banca Transilvania and BPC, global leader in payments solutions, have completed the first Romanian pilot of the EU Digital Identity Wallet (EUDIW) for payments, enabling cardholders to authenticate online purchases with their new European Digital ID.

    The project forms part of the EU Digital Wallet Consortium led large‑scale pilot funded by the European Commission to push the agenda of the eIDAS 2 regulation, which requires all EU banks to accept EUDIW for KYC and strong customer authentication by 2027.

    “It is a source of pride for Banca Transilvania, as a market leader in Romania, to be part of this historic project, which creates a common digital framework, developed on unique standards across the European Union, with the same identity verification, security and data protection rules. The EU Digital Identity Wallet will contribute to strengthening the European identity by developing a whole ecosystem ensuring interoperability and access to banking services. The initiative will help us to be more connected, more inclusive and enhance our sense of belonging to something great, aspirational and powerful in the world” – says Oana Ilaș, Deputy CEO Retail Banking, Banca Transilvania.

    Vasily Volynsky, Global Head of Accounts, SVP, BPC, said: “Being the first issuer bank in Romania to accept the EU Digital Identity Wallet is a milestone for Banca Transilvania and for Europe’s payments landscape. We are proud to help Banca Transilvania with this and to be a part of this global Europe Digital ID European Commission initiative.”

    Latest articles

    EduPro Summit #2: Relevant education and talent ecosystems for a competitive economy

    Preparing people for a labor market in which technology, artificial intelligence and business models...

    CCIB Recognizes the Business Performance of Companies in Districts 1 and 6 of Bucharest

    The Bucharest Chamber of Commerce and Industry (CCIB) recognized the economic achievements of companies...

    R.Power completes construction of its 55MWp solar project in Satu Mare County

    Renewable energy producer R.Power has completed construction works on site at its high-voltage 55 MWp (DC) Lazuri photovoltaic (PV) project in Satu Mare...

    One United Properties appoints Cătălin Jalobă as Group CFO

    One United Properties has appointed Cătălin Jalobă as Group Chief Financial Officer. The appointment...

    More like this

    EduPro Summit #2: Relevant education and talent ecosystems for a competitive economy

    Preparing people for a labor market in which technology, artificial intelligence and business models...

    CCIB Recognizes the Business Performance of Companies in Districts 1 and 6 of Bucharest

    The Bucharest Chamber of Commerce and Industry (CCIB) recognized the economic achievements of companies...

    R.Power completes construction of its 55MWp solar project in Satu Mare County

    Renewable energy producer R.Power has completed construction works on site at its high-voltage 55 MWp (DC) Lazuri photovoltaic (PV) project in Satu Mare...