Răzvan Faer, Transfond: The crisis has slowed the pace of the growth of small payments

Elena Voinea (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section /

Răzvan Faer, Transfond: The crisis has slowed the pace of the growth of small payments

The growth pace for small payments has slowed down from 4-5% a year to 1-2% a year, due to the financial crisis, Răzvan Faer, the head of the Strategy and Marketing department of Transfond said yesterday.

He said: "The number of transactions is increasing, but the growth pace is a lot slower. For instance, during the crisis, in the case of small payments, we have seen an almost insignificant growth, of 1 or 2 percent. It used to be 4-5% before, but it was small even then. Perhaps we should review whether the 50.000 lei threshold, which separates small and large payments needs to be adjusted, but this is a technical issue, the problem remains the same, overall: payments are not increasing much and they are a good indicator for a certain state of the economy".

The official of Transfond added that Romania has a huge growth potential on this segment, but exploiting it will depend on the overall growth of the country. Furthermore, compared to countries in the European Union, Romania has a low number of transactions.

Răzvan Faer said: "In Slovenia there are about two million payments made per day. In Romania, the central payment system records 300,000 payments a day, and if we add to that the payments within the treasury and within the bank we might get 600,000 payments a day. In order to run in good conditions, an economy such as the one of Germany makes about 25-30 million payments a day. I don"t think we get 100 million transactions in an entire year, whereas Poland has about 1 billion in the same period".

He said that the number of transactions in Romania is falling because of two reasons: "Either there are a lot of cash transactions being made, or in the rural economy we have a lot of transactions where payment is made < < in kind > >, that is not to call it barter outright".

According to Răzvan Faer, this would explain one of the major differences between Romania and other countries.

Opinia Cititorului

Acord

Prin trimiterea opiniei ne confirmaţi că aţi citit regulamentul de mai jos şi că vă asumaţi prevederile sale !

Cotaţii Internaţionale

vezi aici mai multe cotaţii

Bursa Construcţiilor

www.constructiibursa.ro

www.agerpres.rowww.hipo.ro
www.dreptonline.rowww.dreptonline.ro
modele cărţi de vizităInvitaţii de nuntăCărţi de vizită