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Moneytou powered by Mastercard, the instant payment service for Viber users in Central and Eastern Europe - achieved with banking technology developed by LIBRA INTERNET BANK

Bucharest, 9 octombrie 2019: For the first time in Romania, a bank exports its own banking technology as part of an international instant payment project through a messenger app.

"LIBRA INTERNET BANK has innovation in its DNA, we collaborate intensively with fintechs both internationally and locally, and we are thrilled to contribute with our technology to achieving this innovative instant payment solution, which has the potential to become no.1 in the entire region.", said Emil BITULEANU, CEO of LIBRA INTERNET BANK.

The instant payment service will be launched under the name Moneytou - powered by Mastercard and is the result of an international collaboration between Rakuten Viber, Wirecard, Mastercard, NeoPay and LIBRA INTERNET BANK.

"We are convinced that in today's digital environment we need to rethink the customer experience around the applications most frequently used. Therefore, we are pleased that we can now offer an innovative fast money transfer service through the instant messaging app, Viber, first off in Hungary, and later in other Central and Eastern European countries, using the banking technology developed by LIBRA INTERNET BANK and the Mastercard Send service", said Gabriel GHITA, Vice President and Business Development Manager Mastercard.

In order to transfer money to friends or family, it is sufficient for users to enroll their card and to press the Moneytou icon on the app, without having to specify an IBAN account. Transfers are made immediately.

"We have collaborated very well with our partners, working in virtual teams to create a service which specifically responds to users needs when it comes to making payments - immediately, quickly and easily", added Radu SABAU, Manager of LIBRA INTERNET BANK's Card Division.

At first, the service will be available in Hungary, and will soon be made available in several countries in the region, including Romania.

LIBRA INTERNET BANK, part of the American investment group New Century Holdings (NCH), is one of the fastest growing banks in the CEE region and it has been recognized as the Most Innovative Bank in Romania in 2018. The bank collaborates closely with various fintechs to implement creative solutions in Central and Eastern European region.

Mastercard, www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, authorities and companies in over 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter, join the discussion on the Beyond the Transaction and subscribe for the latest news.

09-10-2019