07.29.2014

Netopia Mobilpay processed online card transactions worth over EUR37 million in the first half of 2014, up 35% on the year, due to a growing number of Romanians choosing online payments and an more

06.06.2014

A 30% card payment rate for taxes could lift state tax collection revenue by 28% and lower tax collection costs by 12%, said Friday Catalin Cretu, VISA manager for Romania and Croatia. more

04.09.2014

The mobile application market is on the rise following the introduction of technologies allowing quick access to mobile internet, such as 4G and 4G+, said Vasile Voicu, product manager for Romtelecom more

04.09.2014

The Romanian government has left the Parliament to discuss the details of the project aimed at capping cash payments, which is likely to give a strong boost to the card market. However, restrictions more

04.02.2014

Romanian government approved the draft law on capping cash payments and reducing interbank fees for debit and credit cards transactions, according to official sources. more

03.25.2014

Romanian card owners made online payments of around EUR1 billion last year, of which two thirds were purchases form outside Romania, Catalin Cretu, Visa Europe regional manager for Romania and more

02.27.2014

The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for real estate more

02.20.2014

Romania’s Agriculture Minister Daniel Constantin Thursday said the country’s agriculture support agency APIA paid 3.56 billion lei (EUR0.78 billion) to farmers this year, which accounts for 95% of more

02.04.2014

Cash payments will be capped jointly with bank fees, probably by law, not by ordinance, and the banks should agree with the decision, especially that they will benefit from a higher number of more

01.24.2014

Cash payments between firms and toward private individuals will be capped to 2,000 lei (EUR441) per day, from RON10,000/day currently, according to a draft ordinance obtained by Mediafax. more

10.29.2013

The Romanian market of contactless smart cards is expected to double in 2014 at nearly 400,000 units, issued by Visa and MasterCard, and 10,000 contactless POS (point-of-sale) terminals, according to more

03.27.2013

MasterCard cardholders will be able to make mobile payments via smartphones based on a free application allowing the payment of bills, as well as of products and services bought from merchants. more

02.19.2013

Romanians withdrew more than 106 billion lei (EUR24 billion) from cash dispensers last year, six times more than POS payments, according to data from central bank BNR. Card payments totaled RON24 more

01.23.2013

Several major banks are preparing to introduce “contactless” mobile phone payments to merchants in their standard offer this year after having already conducted pilot projects on using this more

01.08.2013

Online card payments in Romania, processed by RomCard, amounted to EUR220 million in 2012, up 38% on the year, e-commerce solution provider PayU said Tuesday. more

11.19.2012

The volume of payments in Romania by card at merchants and online exceeded 17 billion lei (around EUR4 billion) in the first nine months of 2012. more

10.10.2012

Romanians make six card payments on average, annually, which is very low compared to other European countries, on the backdrop of a poor penetration rate of cards and payment terminals at merchants more

10.08.2012

Online card payments in Romania rose 38% to EUR165.8 million in the first nine months of 2012, exceeding the value reported for the entire year 2011, e-commerce solutions provider PayU Romania said more

10.05.2012

The European Commission may resume payments to Romania for refund requests through the HR development Operations Program (POSDRU) in December, Zoltan Kazatsay, Deputy Director-General for Employment, more

10.05.2012

The Romanian Government will start making payments for refund requests within the Sector Operational Program for Human Resource Development (POSDRU) next week and the money will come from the state more

09.25.2012

Romania’s Finance Ministry is considering capping daily cash payments between two or more individuals in a move to reduce tax evasion, people familiar with the matter said Tuesday. more

09.13.2012

Romania attracted 50% or over EUR4 billion through the National Program of Rural Development, or PNDR, since 2007 in payments through beneficiaries, Agriculture Minister Daniel Constantin told news more

09.03.2012

The Romanian authority managing the Sector Operational Program for Human Resource Development (AM POSDRU) has until October 6 to correct the flaws in managing the program to avoid a potential halt in more

07.22.2012

Romania’s Finance Ministry will allocate 8.1 million lei (EUR1.76 million), from amounts obtained by the state from privatizations, to make payments for projects financed via the Regional more

07.11.2012

Online card payments in Romania will exceed EUR250 million in 2012, from EUR200 million in 2011, and the number of transactions will reach five million, up 30% from 2011, according to Netopia more