A first app for P2P money transfer, Volt, launched in Romania

Business, Digital & Media, e-Commerce, Mobile

Volt, the first app for Peer-2-Peer money transfer in Romania, was launched by Volt Finance in partnership with Libra Internet Bank and Mastercard. The app allows users to make money transfers from and towards any banking card emitted in Romania directly from their smartphone. The transfers can be made at any time, even outside the banking hours. To be able to use the app, the users can connect with their Facebook data or with a phone number, e-mail and bank card. Transactions are processed by Romcard, according to the security standards from Mastercard and top card issuers.

Libra Internet Bank, Mastercard and Romcard were the first partners that trusted us from the very beginning. Today, when all happens in a glance, Volt app answers people’s need to safely send money to their family and friends. Together with our partners, we are offering to the users a safe platform for simple money transfers via mobile phones

Radu Ciorba,

CEO Volt Finance

The P2P transactions represent a convenient alternative to cash, and Volt app allows transfers to take place fast, simple and secure. Transactions are made via LibraPay – platform to process online payments and one of the first services Libra Internet Bank dedicated to online

Alexandru Bita,

Director eBusiness Division Libra Internet Bank 

In 2016’s autumn, Mastercard made a study to analyze the Romanian consumers’ perception and interest towards mobile payments, with 7 out of 10 respondents saying they wish for such a payment method. The P2P money transfer is a needed function, and our studies are showing that over 50% of banking clients make his kind of transfers, mostly cash. Volt is the first P2P transfer service on card in Romania and benefits of Mastercard’s innovation, instant money transfers, with just a few moves. We are happy Volt managed to implement a real solution for a real need clients have and we are sure that they will develop also other services for payments in real time

Gabriel Ghita,

VP, Business Development, Central and Eastern Europe, Mastercard