CREDITCOOP partners with Allevo to enable real-time payments

By Vriti Gothi

Banca Centrală Cooperatistă CREDITCOOP has implemented Allevo’s FinTP-Instant solution to connect to Romania’s Instant Payments service, operated by TransFonD, marking a further step in the country’s transition toward real-time retail payments.

The deployment enables CREDITCOOP to process RON-denominated instant payments within the scheme’s parameters, allowing transfers to be completed in under 10 seconds, 24/7/365, with a maximum transaction value of below RON 50,000. Payments can be initiated between customers of participating institutions in the Instant Payments network.

The move reflects growing adoption of instant payment infrastructure among Romanian financial institutions, driven by rising consumer expectations for immediate settlement and regulatory momentum across Europe toward faster payments. For cooperative and mid-sized banks, access to national instant payment rails is increasingly viewed as essential to maintaining competitiveness with larger banks and non-bank payment providers.

FinTP-Instant is a feature of Allevo’s FinTP platform, which connects banks’ internal systems to external financial infrastructures such as TransFonD, SWIFT and the Eurosystem. The solution supports straight-through processing (STP), ensuring automated, resilient transaction flows with built-in validation, reconciliation and audit capabilities. According to Allevo, FinTP-Instant is designed to integrate rapidly with core banking systems while minimising disruption to existing infrastructure an important consideration for institutions modernising legacy environments.

The platform is distributed under a GPL v3 open-source licence, aligning with a broader industry trend toward open, interoperable payment technologies that reduce vendor lock-in and accelerate innovation.

“We are proud that Banca Centrală Cooperatistă CREDITCOOP chose FinTP-Instant to process RON instant payments. The bank becomes one of the players who chose to connect to the service offered by TransFonD by implementing FinTP-Instant. We thank the team at CREDITCOOP for the trust invested in Allevo, which led to successful and quick implementation,” said Sorina Bera, CEO of Allevo.

As instant payments gain traction across Europe, integrations such as this underline the strategic role of flexible payment hubs in enabling banks of all sizes to participate in real-time payment ecosystems while meeting operational and regulatory requirements.