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PayPoint Romania and OTP Factoring announce agreement

Bucharest, 16 December 2016 - PayPoint Romania, the main retail-based cash and mobile payment operator in Romania announces the launch of a new agreement in the financial services industry with OTP Factoring, part of OTP Bank Group.

The service caters for OTP Factoring’s 17.000-plus customers who can now pay their debts quickly and securely, through more than 10.600 PayPoint payment points throughout Romania.

The PayPoint payment method is simple, secure and convenient: consumers must simply go to the nearest PayPoint store with their payment notification. The attendant confirms the payment recipient and enters the amount to be paid. After the payment is made, in cash, the customers receive a receipt with all the details of the transaction (date, amount etc.). The whole operation is very quick, considerably reducing the time required for these kinds of payments and access to the system is not conditioned on paying any fees or shopping at the store.

“When talking about payments, the security of the transaction is one of the most important aspects for consumers and for financial services this element is held even higher. In this context, we are happy to meet our consumers’ needs with a new agreement signed with an important player in the financial industry. Thanks to the benefits associated – security and quickness of the payments, the stores’ proximity and long hours, lack of fees – we are convinced PayPoint will become the preferred payment channel for many OTP Factoring clients”, said Mugur Dogariu, Managing Director, PayPoint Romania.

“By signing the OTP Factoring SRL – PayPoint Romania agreement, we highlight our mission: <<Using positive, reasonable and realistic collection techniques, through commitment solutions unique to Romania, we help clients recover financially>>, thus wanting to help our clients and support them in solving their financial problems, offering them, from now on, the possibility to pay their debts in any one of the many stores with the yellow PayPoint branding. We listen to our clients’ suggestions and we continue to think about diversifying the payment methods to make them as accessible, simple, secure and quick as possible”, said Dr. Taizs Gábor, Chief Executive Officer, OTP Factoring SRL.

Along with paying debts administered by OTP Factoring, customers can also use PayPoint terminals to pay bills for gas, sanitation, electricity, mobile phone plans, internet or cable TV and pay for their road tax, as well as buy mobile phone top-ups and even transfer money, both internally and internationally, at selected PayPoint locations.