Visa: Countries With Highly-Developed Electronic Payments Have Underground Economy Of 8-10% Vs 28% In Romania

11.26.2015 By Gabriela Stan

Mature markets, with highly-developed electronic payment means, have an underground economy of 8%-10% of the GDP, versus 28% in Romania (nearly EUR30 billion), said Catalin Cretu, regional manager Visa Europe for Romania, Croatia and Slovenia.

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Keywords:
ELECTRONIC PAYMENT
, UNDERGROUND ECONOMY
, VISA