merchants

The amendments to the Cashback Law, regarding the introduction of electronic terminals from January 1, 2023 for merchants with annual cash receipts of over 10,000 euros (50,000 lei), led to a massive need for digital transformation for…

European Fintechs Loyaltek and Paynovate launch the Unity Card, a prepaid card that can be used for emergency humanitarian aid or to specifically support certain segments of the population, such as local retailers and merchants who’ve had…

Romanian Visa cardholders will be the first in Europe to benefit from a new solution piloted by Visa for financial institutions and merchants, which allows their customers to pay their purchases in installments, in stores or online, with a…

Garanti Bank, the subsidiary of Turkish Garanti Group in Romania, has granted its clients a total of approximately RON 1 million in bonuses in 2016, for performing transactions with their Bonus Cards. According to a press release, out of…

The holders of cards issued by local banks have made payments to merchants of RON 7.6 billion (EUR 1.7 billion) in the first six months of this year, up by 22 percent compared to the same period of last year, according to National Bank of…

Most shareholders or associated members of companies in Romania are aged between 40 and 49 years, representing 29.78% of the total, in January, data from the National Office of Trade Registry (ONRC) reveal. A considerable share of 27.47%…

The merchants who will not issue tax receipts to customers can be sanctioned with effect from March 1, 2015 with fines between RON 10,000 and RON 15,000, as well as the suspension of activity, according to the Government Ordinance on…

The change in Romanian consumers and merchants behaviour continued at a fast pace last year, thus proving that their tendency to adopt electronic transactions is consolidating, especially during these past years. Visa card payments…