Token Payment Services ( TOKEN ) has announced that it obtained its authorisation from the National Bank of Romania (NBR), allowing the company to accept online payment operations at physical POS. Falling in line with PSD2 regulation, TOKEN can now accept online payment operations and transactions at physical Point-of-Sale (POS), as well as to conduct money remittance procedures, which facilitates the activities of online marketplace stores.

Additionally, the authorisation received from the National Bank of Romania supports TOKEN’s expansion into the region, while highlighting the firm’s commitment to offering safe and efficient payment solutions to customers. Moreover, when commenting on the announcement, representatives from TOKEN underlined that by securing the NBR authorisation, their company benefits from a new perspective in the Romanian market. Also, TOKEN intends to offer integrated solutions customised to meet the needs, demands, and preferences of the local market, while remaining compliant with regulatory requirements. The company intends to focus its efforts on assisting the digitisation and financial regulation of commerce, further augmenting this sector through its payment technologies. TOKEN also recently secured fiscal certification in Romania for two devices, including a cash register with an integrated POS, made to fit the needs of the HoReCa and retail sectors, and a cash register with an unattended payment terminal, which can be beneficial for oil and gas fuelling stations.

TOKEN’s offering and expansion across Europe As part of its product suite, TOKEN delivers payment solutions that are developed for merchants of all industries and sizes, being leveraged for both ecommerce and POS payments and integrated cash registers. In addition, the firm is a manufacturer of its own payment equipment and devices under the Beko brand. The receipt of the authorisation follows TOKEN’s announcement regarding its expansion into Romania from March 2023, when the company focused on providing Account Information Services (AIS) and Payment Initiation Services (PIS) to over 81% bank accounts in the region. The decision to launch its services into the country was based on its potential for Open Banking adoption, as well as its substantial domestic population.

The move came shortly after the company introduced its offering in Italy, enabling Italian customers to initiate Open Banking-powered account-to-account (A2A) payments and access aggregated bank account and transaction data for 84% of bank accounts in the region. .