06.20.2014

Small and medium-sized enterprises (SMEs) in Romania use cash for nearly 80% of their business payments and only 8% use cards, according to a survey conducted by Visa Romania, which also shows that more

03.25.2014

The value of local taxes Romanians paid online by card tripled in January and February this year compared to the same period of 2013, reaching RON6.6 million, according to data reported by banks that more

02.11.2014

Romanians paid 133 million lei (EUR29.7 million) in taxes online and using bank cards in 2013, up 36% on the year, due to a 38% increase in the number of transactions via POS (point of sale) units, more

01.31.2014

Romanian authorities should consider all consequences of a “drastic and sudden” cut in the interchange fees for card payments, to avoid the negative impact on the investments in payment more

01.27.2014

Transactions and cash withdrawals using bank cards issued by Visa increased by 10.7% in the fiscal year ended September 2013, to EUR19.3 billion, the company said Monday. more

05.30.2013

The Inter-bank fees charged by Visa and Mastercard for card transactions in Romania are among the highest in Europe, an antitrust probe showed Thursday. more

03.04.2013

Household spending in Romania dropped 1% in the last quarter of 2012, compared with the similar interval of 2011, after a 1% increase in the third quarter, according to a Visa Europe survey. more

02.04.2013

Card transactions for the payment of taxes increased by around 30% in Romania in 2012, in terms of both numbers and value, reaching over 98 million lei (EUR22.3 million), according to data released more

01.22.2013

Users of Visa cards made 23.6% more transactions directly of the traders in Romania last year, accounting for 41% of all transactions, while the amount spent increased 23.5%, Visa Europe said Tuesday. more

10.17.2012

VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions. more

01.24.2012

The number of Visa cards in circulation in Romania grew by 4.5% in the fiscal year ending in September 2011, to 6.85 million, while the value of POS transactions increased by around 30%, the company more

01.24.2012

Visa will begin talks with Romanian banks to introduce smartphone payment services, possibly as early as this year, said Catalin Cretu, Visa Europe general manager for Romania. more

12.30.2011

The Romanian Government is looking into easing visa procedures for Turkish citizens, especially for businesspeople, Foreign Affairs Minister Teodor Baconschi told MEDIAFAX Friday. more

12.28.2011

The Japanese Government has decided to extend until December 31, 2012 a measure allowing Romanian citizens to travel to Japan without a visa, while the visit should not last more than 90 days, more

12.12.2011

Romania is looking into easing visa procedures to grant five-year visas to Turkish businesspeople, Romanian President Traian Basescu said in an interview for Turkish daily Today's Zaman. more

11.22.2011

U.S. Ambassador Mark Gitenstein said Tuesday that 29,000 Romanians, about 81% of those who applied, received temporary visas for the U.S. in 2010, an increase of 3,000 over 2009. more

09.12.2011

Internet card payments are secure and easy, but only 2.2% of the cards issued in Romania have been activated for the fraud protection system, said Catalin Cretu, Visa Europe general manager for more

06.02.2011

Mark Gitenstein, the U.S. Ambassador to Romania, said Thursday that President Obama supports changing the Visa Waiver Program to focus on the overstay rate, rather than the refusal rate, therefore to more

05.31.2011

Romanians paid over 46 million lei (EUR11 million) in taxes online and using bank cards at POSs in the first four months of the year, in 140,000 transactions, as the number of local authorities more