NETOPIA mobilPay processed 40 percent more transactions y-o-y in Q1

NETOPIA mobilPay announced it processed 810,000 transactions in the first quarter of the year, up 40 percent y-o-y compared to the first quarter of 2013.

The growth is due both to Romanians’ willingness to make more online payments but also to the fact that the payment platform attracted 200 new traders, according to a press release of the company.

Out of the total volume of payments processed by NETOPIA mobilPay in the first quarter of the year, approximately 700,000 were online card transactions while the rest of 110,000 were mobile payments via SMS and the mobilPay mobile wallet.

The average processed transactions have maintained the same as last year, at EUR 37 for card payments, EUR 7 for SMS micro-payments and around EUR 40 for payments via the mobile application mobilPay MasterCard.

The largest online payment by card was processed by NETOPIA mobilPay in partnership with GarantiBank in the first quarter was over EUR 9,000 for a flight to Miami purchased by a family.

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In 2014, the market of online payments by card will continue to post growth of over 20 percent compared to 2013, reaching approximately 8.5 million transactions in value of EUR 350-370 million.
In picture: Antonio Eram, CEO and founder NETOPIA mobilPay

Otilia Haraga