In the Romanian market, 30% of businesses encounter difficulties due to slow transaction speeds with traditional banking services.
Revolut Business and Danubius Exim Intend to Tackle this Challenge
By offering Revolut Reader to their customers across the country, the partnership seeks to address this issue. Initially, Danubius will provide an fleet of 2,200 terminals and offer maintenance services along with training to future customers acquiring these terminals.
Hardware Distribution
The hardware will be distributed through Danubius’ national network of over 340 authorised partners, ensuring its availability across Romania. The price per unit is EUR 40 + VAT, with current installation services being free.
Revolut Reader Features
The reader equips merchants with a portable payment device that accepts both physical and virtual card payments, including those from digital wallets. As digital payments are widely adopted in Romania, fintech solutions like Revolut Reader are preferred for their rapid transaction processing and convenient features.
Customer Feedback
A recent Revolut Business survey revealed that 30% of respondents using traditional banks faced slow transactions, ranking second behind high fees. Negative mobile and digital experiences accounted for 19% of responses.
Business Support and Digital Banking Adoption
Through this initiative, Revolut is committed to supporting the development of a reliable payment system in Romania, helping businesses of all sizes optimize their services and checkout operations. According to the company, 55% of fintechs are valued primarily for their B2B offerings, with 85% of entrepreneurs favoring digital banks over traditional ones due to efficiency. Revolut Reader addresses these requirements, broadening its presence in the country through collaboration with Danubius.
Danubius’ Vision
By becoming the exclusive physical distributor of Revolut Reader, Danubius aims to improve how technology serves the commercial system. The company challenges convention and anticipates market needs and demands through this hybrid model that bridges digital banking and physical retail processes.