Banca Transilvania launches a virtual card with animated design

Digital Reinvention
30/01/2023News

The virtual card with animated design is a card for online payments and is issued exclusively from BT Pay. BT Pay also comes with other new features to help customers save money, increase their card credit limits and access their current accounts, regardless of their currency. One of the new features, the ability to add all current accounts opened with Banca Transilvania to the app, has transformed BT Pay from a wallet to a mobile banking app and now means a 360 experience with access to BT current accounts and cards. The app has a new design, with all the basic features on the main screen.

Banca Transilvania, in collaboration with Visa, launches, for the first time in Europe, the virtual card with animated design. It is a debit card, in RON, for individuals, which can be used from the BT Pay application, exclusively for online payments.

"We are pleased to mark a European premiere with the animated design of our new product and to add the virtual card among the range of products offered to our customers. Having this type of card puts you in control when you shop online, allows you to better manage your budget and also be environmentally friendly. The experience is as simple as it gets: the card is issued instantly and can be used straight away, by crediting it from another BT card registered in BT Pay. The details for online payments are at your fingertips and the payment confirmation is also done via the app," declares Oana Ilaș, Deputy CEO Retail Banking, Banca Transilvania.

"We are delighted to partner with Banca Transilvania to launch the virtual card with animated design. According to Visa's latest survey on mobile payments in Romania, there is a growing percentage of customers who are willing to use only the virtual card, without issuing a physical one, and who expect an enhanced user experience. At Visa, we believe that diversifying the payment methods is important and we are constantly innovating to provide to our consumers and retailers fast, convenient and secure ways to pay and get paid. Mobile payments, whether in-store or online, are among the most secure ways to pay thanks to the tokenization technology, which means replacing the card data a customer enters into a mobile wallet with a unique set of numbers, adding an extra layer of security," says Elena Ungureanu, Country Manager for Visa in Romania.

What's new in BT Pay

BT Pay has a new design, the main new feature being that both the basic and the newly launched features appear on the main screen, making access more intuitive.

New in-app features:

• Credit card limit increase: after completing the online steps, in about 10 minutes, the money is available immediately. The loan amount is up to RON 50,000, depending on the product and eligibility conditions. The increase can be made on one of the following cards: STAR Forte/Forte Medici, Star Gold/Gold BT-Rotary, BT Flying Blue Classic and Premium.

• Saving via Round-Up: with each payment at the POS or online with the BT debit card: the amount spent is rounded up to 1, 5 or 10 RON and automatically transferred to a separate savings account, for which interest of 5.25%/year is applied. If the round-up threshold is RON 10, for a payment of RON 3.5, the round-up is RON 6.5, which will be automatically transferred to the Round-Up savings account.

• Adding BT current accounts, regardless of currency: can check their balances and transaction history for the last 30 days. They can also transfer money (RON) to their own accounts or to other people and set up recurring payments.

Related news & insights

07/05/2025Article

How UOB is future-proofing its workforce – One career at a time

From AI training to retirement prep, United Overseas Bank (UOB) is making bold investments in its people. The Singapore-based bank...

Digital Reinvention
06/05/2025Interview

Further Insights: The shift from branches to bots in Turkish banking

Meral Ahu Karageyim, senior researcher at Bogazici University Center for Applied Research in Finance (CARF), in collaboration with her co-author...

Digital Reinvention
06/05/2025News

PayPal’s boldest bet yet: Going head-to-head with cash in German retail

"Better Than Cash" isn’t just a slogan—It’s PayPal’s new retail strategy

Digital Reinvention
06/05/2025News

Revolut just took aim at telcos — and this could redefine the fintech playbook

With unlimited domestic calls, texts, and data, plus a 20GB roaming allowance across Europe and the U.S., this move could...

05/05/2025Interview

At work with Vlastimir Vuković

Vlastimir Vuković, Chief Executive Officer and President of the Executive Board at NLB Komercijalna banka, shares with Boris Plantier of...

Digital Reinvention
05/05/2025News

Commerzbank’s AI avatar “Ava” redefines customer engagement

Ava isn’t just another chatbot — she’s a human-modeled, conversational assistant designed to provide instant, 24/7 support, blending the convenience...

Digital Reinvention
05/05/2025News

NatWest introduces family-backed mortgage to boost first-time buyer affordability

Family-backed lending meets strategic affordability shifts in a move that could rattle competitors.

Digital Reinvention
03/05/2025News

ANZ goes password-free: The first Aussie bank to kill logins as you know them

Australia’s first password-less web banking platform promises easier logins and tougher fraud protection.