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August 30, 2019

Tremend team up with Mastercard to digitise payments in Romania

Tremend Software Consulting has partnered with Mastercard to bring new functionalities in digital payments sector of Romania.

The collaboration will take up various projects to bring agility to the banking financial system.

Initially, the companies will work towards enrolling cards in the Apple Pay eWallet and implementing the Strong Customer Authentication (SCA), as part of revised PSD2.

PSD2 is a European Union (EU) initiative to improve online payments security. The directives are also envisaged to support innovation and simplify access to new players in the payment market.

Tremend will also work with financial institutions in implementing complex and secure solutions for digital transformation.

Tremend Software Consulting vice-president of financial services Ștefan Pătra said: “The extended technical expertise of the financial-banking area implementation, as well as the continuous innovation, have transformed Tremend into a powerful and reliable partner of Mastercard Romania, playing the IT Delivery Factory role.

“We are thrilled that together with Mastercard we will offer all consumers the best experience in the area of ​​digital payments, security, and personalised solutions, and that we will have the chance to contribute to such a large-scale project that we hope will be developed not only locally but also within Central and Eastern Europe.”

Mastercard Romania country manager Cosmin Vladimirescu said: “We are confident that together with Tremend, we will not only meet the requirements imposed in the PSD2 era, but we will also succeed in setting new standards to serve as a model, both locally and globally.”

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