Category: Central and Eastern Europe E-Commerce

News and reports on the e-commerce market in Central and Eastern Europe.

Online payments, up by 61% in the PayU system

PayU Romania, the online player operator, processed during April 2016-March 2017 period online transactions of over RON 1.9 billion, compared with the same period of the former fiscal year. In 2017, the biggest transaction was registered in January and reached over RON 107,000. The products from IT&C category are preferred by Romanians who buy online. Approximately 33 percent of the total value of online transactions was allocated to the products from this category.

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FAN Courier, the first Romanian courier service to accept card payments on delivery in multi-banking system

FAN Courier is the first Romanian courier service to accept card payments on delivery in multi-banking system. Starting this week, FAN Courier agents will offer all customers – individuals or companies – the option to pay for the transport using a card issued by one of the active banks in Romania. The return payment will soon start being delivered electronically.

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E-commerce sector is under European Commission’s analysis. What does it mean for Romania?

The European Commission (“EC”) announced on 2nd February 2017 that it launched 3 investigations with respect to certain anticompetitive practices in the e-commerce sector, says Lexology. The Romanian Competition Council launched a sector inquiry in the online segment following the EC practice. This was initially set to target the online sales of electronics and fashion products and, apparently, was extended to the majority online sold products.

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Romanian E-Commerce Market Size at the end of 2016: 1.8 billion EUR (INFOGRAPHIC)

According to the main Romanian e-commerce market players and GPeC the value of the e-commerce market size in Romania exceeded 1.8 billion EUR in 2016, growing 30% compared to 2015 when the total e-commerce market size was 1.4 billion EUR. On average, Romanian people spent 5 million EUR daily for online shopping. Furthermore, the figure of 1.8 billion EUR represents only etail (tangible goods sold online) and does not include services, bill payments, plane tickets, event tickets, hotel reservations, travel etc. If we would also add the above, the value of the total online shopping market in Romania would be considerably bigger. GPeC is for 12 years the most important e-commerce event in Romania which also gathers and publishes the Romanian e-commerce market official figures every year – The Romanian E-Commerce Market Report. Here is the main data and information for last year according to the GPeC report: 11,2 million

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