European Payment Cards Yearbook

Romania - Summary

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Market Overview
Payment Organizations	TransFonD (Societatea Nationala de Transfer de Fonduri si Decontari) is the interbank company.

Market Structure	Cash remains the predominant payment instrument; credit transfers and cheques are used alongside debit cards, which were first issued in 1997. Debit cards have been used principally for cash withdrawals. The banking sector is foreign-dominated, with mainly western banks accounting for 90% of assets. Total cards issued rose from 2.1 million in 2001 to 12.6 million in 2010, lifting penetration to almost 60% of the population. Major Processors are PROVUS/ROMCARD, Paynet and First Data.

Major Issuers	BRD, BCR, BancPost, Banca Raiffeisen, Banca Transilvania.

Major Acquirers	BRD, BCR, UniCredit Tiriac Bank, Banca Transilvania, Banca Raiffeisen.

Key Statistics 2010
Population	21.43 million
Cards	Debit: 10.5 million Delayed debit: 15,885 Credit: 2.1 million Total payment cards: 12.6 million