POS

The share of contactless payments has increased in Romania from 10% of all payment transactions with Visa cards, earlier this year, to 20% in the third quarter and the acceptance network of such payments has reached almost 50% of the total…

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…

Romanians living abroad will be able to pay local taxes online as of July, including by cards issued by banks in the countries where they work, Minister of Communications and Information Society Marius Bostan said on Monday during the…

The traders who recorded a turnover of at least EUR 10,000 per year will be required to install POS as of May 20, on the entry into force the cash back law, which allows them to disburse cash upon the request of the card holders customers.…

GECAD Group, controlled by businessman Radu Georgescu, invests EUR 550,000 in SymphoPay, a Romanian startup which proposes a unique solution of intelligent POS that can revolutionize the way the traditional trade unfolds, a press release…

The future is bright for Visa in Europe, with the Romanian market significantly contributing to this. According to financial last year, ending on September 2015, total spending on Visa cards issued in Romania increased by 13 percent, at…

Banca Comerciala Romana (BCR) is to halt, during the night of Friday to Saturday, between 0.30h to 1.30h, the computer system that manages BCR card operations and the acceptance network ATM/MFM (multifunction machine) / ASV (Automatic…

The Romanian Commercial Bank (BCR) will halt Sunday night, between 22.00-23.59, the computer system that manages the BCR card transactions and ATM/ MFM acceptance network (multifunctional machine) / ASV (automatic exchange) / APT and POS.…

The European Commission (EC) reimbursed to Romania this year funds worth about EUR 565 million, payment corresponding to applications submitted in 2014, the rate of absorption of European funds reaching currently over 52%, the Ministry of…

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…