payment

ING Bank and MasterCard launched a mobile phone payment service, ING Mobile Payments, in Romania, Albert Roggemans, executive manager of ING Retail Romania, said Wednesday.

The discount and VAT payment for purchases of transportation means within the community will be performed before the vehicle’s registration in Romania, to prevent the possibility, especially for individuals, of avoiding the tax.

Romanian individuals will be able to pay online, starting October 1, the taxes on income obtained from activities in commerce, agriculture, liberal professions, the transfer of real estate property or salaries. The transactions will be performed through bank cards.

The electronic commerce market, with online card payment, increased 263% in 2007 compared to 2006, to EUR34.8 million, with a total of some 450,000 transactions, according to data from RomCard, quoted by computer solutions integrator Gecad ePayment.