PayU Group increased social capital of PayU Romania

Business, e-Commerce

PayU Group, part of international media group Naspers, decided to increase the social capital of the company that runs Romanian operations, from RON 100,000 (@Euro 25,000) to RON 1.2M (@ Euro 250,000).

The increase of the social capital shows our PayU Group’s decision to develop Romanian operations on long term and sets up the basis to launch a different and innovative strategic business, that will bring on the local market new experiences with the online payment for products and services. In the same time, by increasing the social capital, we offer our clients the guarantee of a stable and long-lasting partnership, on which they can count even in volatile economical situations

Cristian Herghelegiu

Country Manager PayU Romania

Romanian online stores transactioned through PayU, in Q1, over Euro 40M, a 34% increase compared to the same period of last year. In the region, PayU is active in Poland, Czech Republic, Hungary, Turkey, Ukraine and Russia and has operations that involve integrating online payments for 18,000 companies.