Leadership

• Burak Yıldıran — Chief Executive Officer, Token Payment Services / Token Financial Technologies Romania.
• Nicoleta Ionescu — Deputy Chief Executive Officer.

Short Introduction

Token Payment Services is a Romanian payment institution and digital-payments provider serving merchants across online and physical commerce. Operating locally through the Odero brand and as part of Token Financial Technologies and Koç Group, the company combines payment acquiring, money-remittance capabilities, e-commerce processing, Android POS infrastructure and integrated fiscal-payment devices.

About the Company

TOKEN PAYMENT SERVICES S.R.L. was incorporated in Romania in 2021, while Token Financial Technologies launched its merchant offering on the local market under the Odero brand in 2023. The Romanian operation is part of Token Financial Technologies, a Koç Group company with extensive experience in payment terminals, merchant acquiring infrastructure and retail technology.

In October 2024, Token Payment Services became a payment institution authorised by the National Bank of Romania. Its authorised activities include acquiring of payment transactions and money remittance, enabling the company to provide regulated payment acceptance for online and physical merchants and to support payment flows relevant to marketplace business models.

Token’s local proposition is built around an integrated online-and-offline payments model. OderoPAY provides cloud-based e-commerce payment processing, while OderoPOS combines transaction-management software with Android payment devices and all-in-one fiscal solutions. The company also provides developer APIs and integration options for merchant systems, e-commerce platforms, sales applications and business-management software.

Products & Services

• OderoPAY — cloud-based online payment processing for e-commerce merchants, supporting card payments, settlement, refunds, merchant dashboards and multiple integration models.
• OderoPOS — physical payment acceptance and transaction-management infrastructure for merchants using Token/Beko smart POS devices.
• Beko RO410 Smart POS — Android 11 smart POS for card and contactless payments, with integrations for sales applications, barcode scanning, receipt printing and merchant operations.
• Beko X30TR — all-in-one Romanian fiscal cash register with integrated POS, Android software, 4G/Wi-Fi connectivity, fiscal reporting and the Odero ECR sales application.
• Beko RO1000 — outdoor unattended payment terminal and integrated fiscal solution designed for fuel stations, including contactless payments and pump-system integration.
• Pay by Link & flexible e-commerce integrations — payment-link and online-checkout functionality designed for merchants that need faster or lighter-weight payment acceptance flows.
• Recurring payments & card tokenization — OderoPAY supports recurring merchant-initiated payments and tokenization of card data for eligible use cases.
• Google Pay & Apple Pay — wallet integrations that enable faster checkout and tokenized payment experiences for online customers.
• Marketplace payment flows — developer functionality supporting marketplace-oriented payment flows, complemented by Token’s BNR-authorised money-remittance service.
• Merchant APIs & POS integration — developer tools for integrating merchant backends, ECR systems and Token payment devices, including remote payment and fiscal-command capabilities on supported terminals.

Licences & Regulatory Status

Token Payment Services’ regulatory position includes the following:

• Payment Institution authorisation: TOKEN PAYMENT SERVICES S.R.L. is authorised and supervised by the National Bank of Romania as a payment institution.
• BNR Register: The company is entered in the National Bank of Romania’s Register of Payment Institutions under no. IP-RO-0014, with registration dated 7 October 2024.
• Authorised acquiring activity: The BNR register lists service category e2, corresponding to the acquiring of payment transactions. This covers Token’s regulated acceptance activity for online and physical merchant payments.
• Money remittance: The BNR register also lists service category f, money remittance, supporting payment flows including use cases relevant to online marketplaces.
• PSD2 framework: Token’s regulated payment activities operate under the Romanian legal framework implementing PSD2, including Law No. 209/2019 on payment services and the applicable National Bank of Romania rules.
• Cross-border services: Official financial-supervisor registers in other EEA countries list TOKEN PAYMENT SERVICES S.R.L. as a Romanian payment institution providing acquiring and money-remittance services cross-border without a branch, following the applicable passporting notifications.
• Regulatory distinction: Token Payment Services is a payment institution and merchant-payment infrastructure provider; 

Company identifiers: CUI 43511483; VAT no: RO43511483,Trade Register J2021000013407; LEI 984500EF2BEDB0D78633; BNR Payment Institution Register IP-RO-0014.