Netopia Payments expands license to include money remittance services after Romania’s Central Bank approval

The useful part

The company, which processes more than RON 10 billion annually, is preparing new embedded finance solutions and developing an integrated financial platform for merchants, it said. The company aims to expand its portfolio of services for merchants beyond traditional online payment processing and toward a comprehensive financial ecosystem. Netopia's priorities for the coming period include operationalizing its newly licensed activities, developing new financial products, and expanding its technology and operational infrastructure.

How it works

• Our vision is to become a comprehensive growth partner for entrepreneurs in Romania," Raluca Micu, CEO of Netopia, said.
• Netopia Payments is a Romanian payments and technology platform for merchants, providing digital payment infrastructure and financial solutions to thousands of companies.
• Since 2023, private equity fund Innova Capital holds a majority stake in the company.

Example or evidence

• In the medium term, the company aims to build a one-stop shop model for merchants, a unified platform integrating multiple payment methods, rapid funds collection, automated transaction reconciliation, and...

Details worth keeping

Romanian payments and technology platform Netopia Payments is entering a new stage of development after it received the authorization of the National Bank of Romania (BNR) to expand its payment institution license to include money remittance services, the company said. At the same time, it is preparing to diversify the payment methods it accepts, including through the integration of account-to-account (A2A) solutions such as RoPay, and to expand financing options offered through partners, including merchant cash advance products.