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CEC Bank, the financial institution with the longest tradition and the largest network in Romania, is launching today Apple Pay, a solution which transforms mobile payments by providing ease of use, security and confidentiality.

Security and confidentiality are the basis of Apple Pay. When customers use a debit or credit card with Apple Pay, the card data is not stored on the device used, nor on Apple's servers. Instead, a unique encrypted number is associated and saved in a device-encrypted format on a secure and certified chip (Secure Element).

Apple Pay is easy to set up, and customers can still enjoy all the benefits and advantages of CEC Bank cards. For payments in stores, Apple Pay is compatible with iPhone SE, iPhone 6 or newer models and Apple Watch.

The use of Apple Pay is free, both in the country and abroad, and payments by card, mobile phone or Apple Watch are made without fees or charges.

For more information about Apple Pay, visit http://www.apple.com/apple-pay/

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About CEC Bank

CEC Bank is the Romanian bank with the longest tradition. Established in 1864, CEC Bank currently has over 2 million clients, the largest national network, with over 1,000 branches and agencies and assets of 29.3 billion lei, at the end of 2018.

CEC Bank is a top universal bank on the Romanian market, providing a complete range of products and services to natural persons, SMEs and large corporations, via multiple distribution channels: bank units, ATM networks, internet banking (CEConline), mobile banking and phone banking (Tele CEC).

The Romanian state, through the Ministry of Public Finance, is the sole shareholder of CEC Bank, and in November of this year (namely 2019), following the agreement of the European Commission, the bank's capital was increased by 940 million lei.

More details related to the products and services provided by CEC Bank can be obtained in any unit of the Bank, by calling the Customer Support Service, free of charge, at telephone number 0.800.800.848 or at www.cec.ro website.