Giving the strong e-commerce upward trend, with an annual average of online purchases per capita expected to exceed $308 in 20211, merchants will have to provide buyers with more and more payment methods to assist the purchase in a simple, fast and safe way.
Google Pay is a simple payment method to pay with a card, without having to fill in the data on the card, users having the freedom to make payments by phone without accessing their laptop, card or cash.
In order to make payments with Google Pay for online purchases, users must save their card or card details in their Google account, at pay.google.com or through Google Pay mobile app.
Merchants implementing Google Pay have multiple benefits including improved shopping experience, expanded availability in terms of number of saved cards, optimized technical functionality, sales increase due to growing popularity of this payment method, along with increased security payments and a lower risk of fraud.
Last year, in Romania, approximately 9 million people used online commerce, the equivalent of 47% penetration rate3 and it is estimated to increase to 10.7 million users and a penetration rate of 57% by 20254.
The partnership between PayU and Google not only boosts local e-commerce, but also offers new benefits to shoppers, who will be able to use traditional payment methods via internet, directly from their smartphone.
Payments can be made with Google Pay on smartphones with Android operating system, the most widespread in Romania, having a market share of 79% of all mobile device users.