30 May 2021 – Two Moldovan commercial banks Moldincombank and VictoriaBank have connected their internet banking systems for legal entities to the MPay service. Thus, economic agents can now make any payments to the state without physically going to the bank. Until now, companies could not make payments to the state through MPay, the service being accessible only to individuals.

Until now, for economic agents, this process of payments to the state involved the collection of handwritten signatures on the invoice and the delegation of the responsible person to the bank to make the payment. The Economic Council to the Prime Minister of the Republic of Moldova, promotes the implementation of the topics in the Roadmap for the digitalization of the economy and the promotion of electronic commerce.

One of the actions of the document is to facilitate the implementation of MPay payment solutions through internet banking services for legal entities and to examine the possibilities of integrating alternative fintech services with MPay. In order to promote this topic, the Secretariat of the Economic Council organized a series of consultations between the National Bank of Moldova and the E-Government Agency with business associations and economic agents.

Through the MPay service, public services can be paid both with the bank card and through internet banking. The MPay service has been available since 2013.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund.