Alpha Bank announces the completion of the transfer of Orange Money Romania operations (customer portfolio, digital assets (mobile app), credit card portfolio and employees) starting January 12 2024, the date on which the retail operations were taken over.
Customers of Orange Money Romania will continue to benefit from the existing products and services, without changes to the benefits and contractual conditions, and will also gain access to the entire banking service offer of Alpha Bank Romania.
By integrating the retail activities of Orange Money, Alpha Bank Romania is significantly expanding both its own customer base and the offer of digital solutions, thus becoming an important player in Romania’s digital banking sector.
With the completion of the transaction, the specialists of Alpha Bank joined the employees of Orange Money Romania, thus establishing a solid team of professionals able to offer customers complete banking solutions with a top-tier digital experience.
“After completing all the legally required stages, we are pleased to announce the completion of the process of taking over the local operations of Orange Money by Alpha Bank Romania. Thus, we continue to combine tradition, innovation and flexibility that characterize us, adding the agility and skills of Orange Money to provide our customers with a superior digital experience. I thank the Orange Money and Alpha Bank teams for their efforts in achieving this goal”, said Sergiu Oprescu, Executive President of Alpha Bank Romania and Director General of the Alpha Bank Group International Network.
About Alpha Bank Romania
Alpha Bank Romania is a member of the Alpha Bank Group, one of the largest banking and financial groups in Greece. The international activities of the Group are extended, in addition to Romania, to the United Kingdom, Luxemburg and Cyprus.
Alpha Bank Romania ranks among the top 10 banks in the country, with universal banking operations. The Bank has had a national presence of almost 30 years, offering a wide range of modern services and products for individuals, SMEs and the corporate segment. It is one of the financial institutions that have innovated the banking sector in Romania, being the first bank to launch an application that transforms an Android mobile device into a POS terminal. It was also the first bank in Romania to issue covered bonds in 2019 and the first in the market to introduce housing loans.
