Payments in Romania

Romania has seen significant growth in the digital payments space in recent years. As the country's economy continues to grow, more and more Romanians are turning to digital payments as a fast, convenient, and secure way to pay for goods and services.

One of the most popular payment methods in Romania is card payments. According to a report by Visa, card payments account for more than 80% of all electronic payments in the country. This is due in part to the fact that Romania has more than 10 million cards in circulation.

Another popular payment method in Romania is mobile payments. Mobile payments are becoming increasingly popular in the country, with many Romanians using mobile payment apps to pay for everything from groceries to utility bills. This is due in part to the fact that many mobile payment apps are easy to use and offer a variety of convenient features, such as the ability to store multiple payment methods and make payments with just a few taps.

In addition to card and mobile payments, Romania also has a growing e-commerce industry. According to a report by Ecommercenews, the Romanian e-commerce market is expected to reach €7.7 billion by 2025. This growth is due in part to the increasing popularity of online shopping in the country, as more and more Romanians turn to online retailers to purchase goods and services.

Overall, the payments landscape in Romania is evolving rapidly, driven by the growth of the country's economy and the increasing adoption of digital payments. As more and more Romanians turn to digital payments as their preferred payment method, businesses that accept digital payments are well-positioned to capitalize on this trend and drive growth in the Romanian market.