Netopia mobilPay says online card payments may reach EUR 370 mln in 2014

Online payment processing company Netopia mobilPay has processed more than 2.2 million online card transactions in 2013 worth EUR 76 million, accounting for one third of all transactions of this kind concluded in Romania.

The company said it reported an increase on the number of people that paid by card online for the first time in 2013.

According to company representatives, the online card payment market will grow by over 20 percent to around EUR 350 – 370 million this year, accounting for roughly 8.5 million transactions.

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Antonio Eram, CEO and founder Netopia mobilPay, said: “During last year, we processed record online payments, which exceeded even EUR 7,000 for a single transaction, which proves Romanians have understood that online payments are safe, not matter the paid amount.”

Last year, the processing company added 700 new traders from sectors such as tourism, services and utilities.

Netopia has launched last year the first mobile payment app in partnership with MasterCard Romania, the payments technology business. In the same time, the company implemented the first mobile payment solution for hotels, caffes, restaurants and retail in partnership with expressoft.

Ovidiu Posirca