Moldova
Moldova, a rapidly developing economy in Eastern Europe, is gaining recognition for its progress in digital transformation, e-commerce, and financial modernization. With a population of around 2.5 million, the country’s economy is driven by agriculture, manufacturing, trade, and a growing technology and services sector.
In recent years, Moldova has made significant strides toward becoming a cashless society, supported by the expansion of online banking, QR-code payments, and mobile wallets. The adoption of digital payment solutions is accelerating, especially in urban areas like Chișinău, where internet penetration exceeds 80% and consumers increasingly prefer card-based and contactless transactions.
In 2024, non-cash payments in Moldova continued to grow steadily, supported by initiatives from the National Bank of Moldova (NBM) to promote financial inclusion, digital banking, and secure electronic transactions. Popular payment methods include bank cards, mobile wallets, and online transfers, while e-commerce continues to thrive as more Moldovans shop online and embrace digital payments for convenience and safety.
As a trade-oriented economy, Moldova benefits from its strategic location between Romania and Ukraine, serving as a bridge between the EU and Eastern European markets. The development of digital infrastructure, cross-border payment systems, and fintech partnerships enhances the country’s integration into the global financial ecosystem.
The Moldovan government and NBM are working together to strengthen cybersecurity, payment interoperability, and digital innovation, encouraging banks and fintech companies to expand cashless services. The rise of mobile banking apps, contactless cards, and e-wallets reflects a clear shift toward modern, efficient, and transparent payment systems.
With a digitally aware population, growing e-commerce activity, and continuous investment in fintech, Moldova is emerging as one of Eastern Europe’s most promising digital payment markets. Its ongoing commitment to financial inclusion, digitalization, and cross-border payment innovation positions the country as an attractive destination for online merchants, fintech startups, and global payment providers.
Top banks
Moldova Agroindbank
Moldova Agroindbank (MAIB) is the largest bank in Moldova, providing a full range of banking and financial services for both individuals and businesses. Its offerings include personal banking, corporate banking, loans, deposits, and investment solutions, delivering trusted and innovative Moldovan banking services with nationwide reach.
Moldindconbank
Moldindconbank is one of the leading banks in Moldova, offering a wide range of banking products and financial services for both retail and corporate clients. Its offerings include loans, deposits, savings accounts, and payment services, providing trusted and professional Moldovan banking solutions for individuals and businesses alike.
Victoriabank
Victoriabank is a major player in Moldova’s banking sector, providing a wide range of financial and banking services for both individuals and businesses. From personal banking, savings accounts, and loans to corporate banking, business financing, and investment solutions, Victoriabank delivers trusted and professional Moldovan banking services with a strong local presence.
Mobiasbanca - OTP Group
Mobiasbanca, a member of the OTP Group, is a leading bank in Moldova providing a wide range of banking and financial services for both individuals and businesses. Its offerings include retail banking, corporate banking, loans, savings accounts, and investment services, delivering reliable and professional Moldovan banking solutions.
Top payment methods
MAIB Pay
MAIB Pay, offered by Moldova Agroindbank, is a leading mobile wallet solution that enables contactless payments, QR-code transactions, and online shopping. Integrated with major Moldovan banks, it supports secure, real-time payments, driving the country’s transition toward a cashless, digital economy.
FinComPay
FinComPay is a growing digital payment platform in Moldova, providing mobile wallet, e-commerce payment, and peer-to-peer transfer solutions. Its focus on security, convenience, and instant settlements supports the expansion of fintech adoption and promotes a modern cashless ecosystem for consumers and businesses.
Victoriabank
Victoriabank MobilePay allows users to make QR-code, contactless, and online payments through their smartphones. Backed by one of Moldova’s top banks, it enables secure transactions, bill payments, and e-commerce integration, strengthening the country’s digital banking and fintech infrastructure.
BPay
BPay is an innovative alternative payment method that offers mobile wallet services, online bill payments, and contactless checkout options. Popular among young consumers, it plays a vital role in Moldova’s digital payment evolution and supports cashless transactions across merchants and retailers.
Paynet
Paynet is a leading payment gateway and mobile app in Moldova, supporting utility payments, money transfers, and online shopping. With its emphasis on security and user convenience, Paynet drives fintech innovation and strengthens digital financial inclusion in the Moldovan e-payment market.
Concluding remarks
Moldova’s economy is in a state of transition, striving to overcome structural challenges and external vulnerabilities. The payment landscape in Moldova is rapidly diversifying, with increasing adoption of digital payment methods, mobile wallets, and cashless transactions, alongside ongoing efforts to enhance financial inclusion and fintech development. The country’s strategic focus on economic reforms, digital transformation, and modern financial infrastructure holds strong promise for future growth, e-commerce expansion, and long-term stability in the Moldovan fintech market.
Cash (Numerar)
Cash remains a predominant method of payment in Moldova, especially in rural areas and for smaller transactions. Despite the rise of digital payment options, cash transactions are still widely used.
Credit and Debit Cards
The use of credit and debit cards is steadily increasing in Moldova, especially in urban areas. Major card networks like Visa and MasterCard are widely accepted in most retail establishments, although card penetration and usage rates remain lower compared to Western European countries. As digital payments continue to grow, Moldova is moving towards greater adoption of modern payment methods, enhancing convenience for both consumers and businesses.
Bank Transfers (Transferuri Bancare)
Bank transfers (Transferuri Bancare) are widely used in Moldova for business payments, real estate transactions, utility bills, and salary transfers. Moldova’s banking system ensures secure domestic and international transfers, including online banking, wire transfers, and electronic funds transfers (EFT), making financial transactions fast, reliable, and convenient for individuals and businesses.
Mobile Payments
Mobile payment methods, such as Apple Pay and Google Pay, are gradually gaining popularity, especially among the younger population. Local banks are also developing their own mobile payment solutions to cater to this growing demand.
Prepaid Cards
Prepaid cards are used by individuals who do not have access to traditional banking services. These cards are particularly popular among the youth and for online shopping.
Cryptocurrencies
Cryptocurrencies are slowly being adopted in Moldova, especially among tech-savvy individuals and businesses. The regulatory environment is evolving to accommodate these digital assets, although widespread acceptance is still in its early stages.
APM's
APMs in Moldova are rapidly transforming the country’s digital payment landscape, driven by mobile wallets like MAIB Pay, Paynet, and FinComPay. These platforms enable contactless, QR-code, and online transactions, promoting a cashless economy, expanding financial inclusion, and fueling fintech innovation across e-commerce and banking sectors.
About Processing News
You Won’t Learn This in Business School – Real Industry Insight
The global payments industry evolves faster than ever — powering everything from digital banking to eCommerce transactions. Yet few truly understand how payment processing, fintech innovation, and financial technology shape the world economy. That’s where Processing News comes in. At Processing News, we don’t just report on the payments ecosystem — we’ve built, run, and innovated within it. Our team of experts includes former fintech executives, payment system architects, compliance officers, and technology insiders who bring real-world experience to every article. We launched Processing News to be the Wikipedia of Payments — accessible, in-depth, and always accurate. In an era of clickbait and recycled press releases, we deliver trusted payments journalism rooted in industry expertise and data-driven analysis. Whether it’s new payment regulations, card network updates, emerging fintech startups, or fraud prevention trends, we provide clear, credible insight into what truly drives the global payment processing industry.
Welcome to Processing News — Real people. Real experience. Real payments journalism.
Contact us:
