According to the latest data provided exclusively by RomCard for GPeC, online card payments online registered a 62% growth YearOverYear during Q1 2016. Only during the first quarter of 2016 3D Secure payments of 148.4 million EUR were registered, comparing to 91.2 million EUR in 2015. The number of online card transactions has also grown significantly during the months of January, February and March 2016, exceeding 1.1 million monthly transactions, comparing to the same time in 2015 when the average transactions number was approximately 780.000 transactions per month. According to RomCard officials, the growth is closely tied to the decrease of interchange commissions announced publicly by Cătălin Crețu, General Manager of Visa Europe for Romania, Croatia, Malta and Slovenia, at GPeC Summit November 24 2015. “From the information we have, together with the decrease of the commissions, more and more important online shops have started encouraging online card payments. For an online shop, an order paid by online
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