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What is Transfond “SENT”?

May 18, 2024June 29th, 2024No Comments

SENT (Sistemul Electronic de Plăți Tranzacționale) is a robust electronic payment system designed for the efficient clearing of small-value interbank payments among participating institutions in Romania. This platform operates through multiple daily sessions, meticulously processing a significant volume of payment instructions, which accounts for approximately 95% of all interbank payments. By leveraging the TFDNet virtual network, SENT facilitates seamless communication and transaction exchanges between participants and the system. Operated by TRANSFOND, SENT not only offers electronic payment services but also provides Electronic Invoicing and Archiving services.

Historical Background and Evolution

TRANSFOND, established in 2000, embarked on a mission to modernise and automate Romania’s interbank payment system. This mission culminated in 2005 with the operationalisation of the Electronic Payment System, which was further enhanced in 2008 with the introduction of electronic processing for debit instruments. This milestone marked a significant leap in the efficiency and reliability of interbank transactions in Romania.

Core Features and Functionality of SENT

Automated Clearing House (ACH)

SENT is classified as an Automated Clearing House (ACH), specialising in the efficient handling of numerous low-value transactions. This classification underscores its role in processing high volumes of payments quickly and accurately, ensuring that financial operations run smoothly for all participants.

Multiple Daily Sessions

SENT operates through multiple daily sessions, ensuring that payment instructions are processed promptly throughout the day. This frequent processing schedule enhances the efficiency and reliability of the payment system, reducing delays and ensuring timely settlement of transactions.

TFDNet Virtual Network

By utilising the TFDNet virtual network, SENT facilitates secure and efficient communication between participants and the system. This network ensures that payment data is transmitted quickly and securely, maintaining the integrity and confidentiality of financial information.

Additional Services Provided by TRANSFOND

  • Electronic Invoicing: SENT offers comprehensive electronic invoicing services, streamlining the billing process for businesses and reducing the reliance on paper-based invoices. This service enhances the efficiency of financial operations and provides a more sustainable alternative to traditional invoicing methods.
  • Archiving Services: TRANSFOND also provides electronic archiving services, allowing businesses to securely store and manage their financial records. This service ensures that important documents are preserved and easily accessible, supporting compliance and administrative efficiency.

Impact on Financial Transactions in Romania

Volume and Efficiency

SENT processes approximately 95% of all interbank payments in Romania, highlighting its crucial role in the nation’s financial infrastructure. The system’s ability to handle a vast number of transactions efficiently ensures that both small and large financial institutions can rely on SENT for their daily operations.

Modernisation and Automation

The establishment and continuous development of SENT reflect TRANSFOND’s commitment to modernising Romania’s financial system. By automating and streamlining payment processes, SENT reduces the operational burden on banks and financial institutions, allowing them to focus on providing better services to their customers.

International Payments and SENT

For businesses and individuals converting GBP to RON and executing international payments to Romania, the primary payment route typically involves the SWIFT network. While SWIFT is known for its extensive global reach and secure processing of international transactions, there are scenarios where the recipient’s bank may not support SWIFT payments. In such cases, local routes such as SENT offer a valuable alternative.

Advantages of Using SENT for International Payments

  • Speed and Efficiency: SENT’s multiple daily processing sessions ensure that international payments are handled swiftly, minimising delays and enhancing transaction speed.
  • Cost-Effectiveness: Utilising local payment systems like SENT can be more cost-effective compared to international SWIFT transactions, reducing fees associated with cross-border transfers.
  • Reliability: The robust infrastructure of SENT ensures secure and reliable transaction processing, reducing the risk of errors and delays.

Practical Applications for Businesses and Individuals

Domestic Transactions

SENT is indispensable for domestic transactions within Romania, providing a reliable and efficient platform for processing everyday payments. Businesses can ensure timely payment of salaries, suppliers, and other obligations, while individuals benefit from quick and reliable payment processing for personal expenses.

International Transactions

In scenarios where the recipient’s bank does not support SWIFT payments, SENT provides an alternative avenue for seamless and reliable international transactions. By leveraging SENT’s infrastructure, businesses and individuals can ensure their international payments to Romania are processed efficiently and securely.


SENT stands as a vital component of Romania’s financial infrastructure, managed by TRANSFOND to ensure the smooth and efficient processing of financial transactions. From its role as an Automated Clearing House to the near real-time capabilities of its multiple daily sessions, SENT provides significant advantages in terms of speed, reliability, and cost-effectiveness. For businesses and individuals converting GBP to RON and making payments to Romania, leveraging SENT offers a seamless and efficient alternative to traditional international payment methods, enhancing financial operations and fostering economic confidence.

Still not sure?

If you are still unsure or have any further questions, please call us on 0203 026 0112 or request a callback to discuss your requirements.