Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

PayU: Romania’s e-commerce market hit EUR 7 bln in 2020

The Romania e-commerce market, including electronic payment for goods and services purchased from local sellers, amounted to approximately EUR 7 billion in 2020, up by 36% compared to the previous year, according to internal and external data analyzed by PayU, the leader of the online payments market in Romania.

"For 2021, we forecast an increase of at least 15% of the local e-commerce market (purchases from Romanian merchants), including e-tail and services, in line with the estimated global growth of 14.3%," said Elena Gheorghe, PayU Romania Country Manager, quoted by Bursa.ro.

"We also see an increase in cross-border e-commerce, with top local players selling abroad. The growth in this area is not a surprise, given that cross-border e-commerce has grown quite a bit and is estimated at EUR 143 bln in Europe alone, according to Ecommerce News Europe. In this sense, PayU offers support to local merchants by its presence in over 50 fast-growing markets," the PayU representative specified.

(Photo: Pixabay)

andrei@romania-insider.com

Normal
Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

PayU: Romania’s e-commerce market hit EUR 7 bln in 2020

The Romania e-commerce market, including electronic payment for goods and services purchased from local sellers, amounted to approximately EUR 7 billion in 2020, up by 36% compared to the previous year, according to internal and external data analyzed by PayU, the leader of the online payments market in Romania.

"For 2021, we forecast an increase of at least 15% of the local e-commerce market (purchases from Romanian merchants), including e-tail and services, in line with the estimated global growth of 14.3%," said Elena Gheorghe, PayU Romania Country Manager, quoted by Bursa.ro.

"We also see an increase in cross-border e-commerce, with top local players selling abroad. The growth in this area is not a surprise, given that cross-border e-commerce has grown quite a bit and is estimated at EUR 143 bln in Europe alone, according to Ecommerce News Europe. In this sense, PayU offers support to local merchants by its presence in over 50 fast-growing markets," the PayU representative specified.

(Photo: Pixabay)

andrei@romania-insider.com

Normal
 

Romania Insider Free Newsletters