The volume of transactions done on business and credit cards has started mounting rapidly since last autumn, showing companies’ financial situation is also improving, says Cătălin Crețu, manager for Romania with Visa Europe.
“In the autumn of 2008, when everybody said the crisis would not
touch us, the first sign came in form of the falling volumes on
business cards. However, we can notice very high growth rates in
volumes traded on these cards in the third quarter of last year and
then the fourth quarter. This is a very good sign,” said Crețu
during a press conference.
Visa and MasterCard are the main payment organisations active in
Romania, with a strong control over card transactions.
In fiscal year October 2009-September 2010, Visa registered almost
2 billion euros in transaction volume on the business cards issued
bearing its logo, up 25% from the previous year. The number of
cards went up by 12% during this period, and sums spent at POS rose
by almost 23%.