BANCA Transilvania made a very important official change for all its customers from all over Romania, and if you are one of them, then you should know what exactly has been improved for you. Those from BANCA Transilvania announced in 2021 the implementation of a system called Alias Pay, allowing the receipt and sending of money to other banks using only a phone number and the name of the person who is going to receive those sums of money.
BANCA Transilvania decided to make this change in partnership with another bank in Romania, all in order to offer customers a much better experience for using its services whenever they need it. Even if BANCA Transilvania has implemented the system only in partnership with CEC Bank for now, there is also the same technology offered by other banks as well, those from ING Bank having offered it for payments between their own accounts for a long time.
BANCA Transilvania: OFFICIAL change for all customers
However, BANCA Transilvania, together with CEC Bank, offers its clients the opportunity to transfer money between bank accounts based only on a phone number and a name. These two important data for customer identification are the only ones necessary for this process to take place, so you don't have to write down long IBANs to be able to send money, similar systems have been offered all over the world for a very long time already.
BANCA Transilvania tells its customers that in order to receive money through Alias Pay, they must first create an alias, and this can be done extremely easily directly from the BT Pay application for phones. There you have a dedicated menu to enjoy this system whenever you need it, those from BANCA Transilvania also offering a very easy method to register an alias, or to send money to whoever we need at any time.
BANCA Transilvania offers more details about this system through its website, but also through the BT Pay application, so you can quickly find out everything you need.
