Last year, only 0.1% of all online orders in Romania were fraud attempts, which confirms the strong downward trend of this phenomenon in the recent years, according to a study by PayU Romania.

The total amount of frauds detected by the PayU team last year reached some EUR 550,000, reports local Wall-street.ro.

Only 36% of Romanians are worried about online payment security, a 70% are confident that they can protect themselves online, according to a Eurobarometer.

Online payment security was one of the most important factors that helped develop the online retail in Romania in the last years.

The e-commerce growth rate is of over 35%, said Daniel Nicolescu, country manager PayU Romania.

editor@romania-insider.com