05.29.2024

Revolut Business and Meridian Taxi have entered into a partnership whereby the urban mobility service provider will equip its fleet of 1,000 vehicles with Revolut Reader payment terminals, Revolut more

11.27.2023

PayPoint continues to develop the digital payment segment and announces a new partnership with Meridian Taxi, one of the most important taxi companies in Bucharest, company representatives said in a more

05.11.2016

Central and Eastern Europe (CEE) has seen significant growth of contactless payments over the last two years and currently, in Romania, one in ten card payments processed by Visa is contactless, said more

05.19.2015

billion) from cash dispensers in January-March, while payments at merchants made with the 11 million active cards amounted to RON7.8 billion, an 18% increase on the year-ago period. more

02.24.2015

The seven local banks that issue contactless cards (which enable card holders to make small payments without having to pass the card through a POS or input the PIN) have reached more than 1.3 million more

02.18.2015

Owners of cards issued by local banks in 2014 operated payments at retailers worth 30 billion lei (EUR6.7 billion), up 16% from 2013, according with BNR. However, cash withdrawals from ATMs are still more

12.15.2014

Card money accounts for just one third of Romanians’ overall consumption, while cash represents the rest of two thirds, a situation that is fuelling the underground economy, believes Catalin Cretu, more

11.26.2014

Holders of cards issued by local banks made 5 billion lei (EUR1.1 billion) payments to retailers abroad in the first nine months, an increase of 21% on the year-earlier period, according to central more

11.04.2014

The market of card acceptance terminals (POS) has been constant in terms of number of devices installed over the past year and is now finding new sources of growth from previously untapped sectors, more

05.05.2014

The growth potential of electronic payments in Romania is high, considering the penetration of points of sale (POS) in the country is among the lowest in the region, merely 5.7% per 1,000 population, more

04.23.2014

VeriFone, one of the world’s leading providers of technology for electronic payment transactions, plans to expand its Romanian presence and increase the number of POS terminals installed outside more

04.11.2014

The six domestic banks that issue contactless cards have reached a portfolio of around 440,000 such cards and an acceptance network of around 5,500 contactless POS terminals. more

12.17.2013

Romania’s absorption rate of European non-reimbursable funds through the 2007-2013 Transport Sector Operational Program (POS T) has reached 30.8% and the remaining funds can be attracted by the end more

11.18.2013

Romania’s absorption rate of European non-reimbursable funds through the 2007-2013 Transport Sector Operational Program (POS T) has reached 20.7% and the remaining funds can be attracted by the end more

11.09.2012

Romania may lose European funds of EUR1.26 billion in 2012, through Sectorial Operational Program Increase of Economic Competitiveness (POS CCE), unless attracting eligible projects co-financed by the more

05.10.2012

Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads. more

01.18.2012

The value of taxes paid with bank cards amounted to 69.4 million lei (EUR15.9 million) in the first eleven months of 2011, almost double on the year, according to data released Wednesday by Visa more

01.17.2012

Banks expanded their payment terminal (POS) networks deployed in stores last year, a market segment dominated by a small number of players, which generates EUR40 million a year in fee revenue, as more more