Nicolescu is now chief product officer the entire PayU group.
“ePayment, a member of the PayU group (…) has appointed Cristian Herghelegiu as country manager starting Tuesday,” the company said in a news release.
ePayment was taken over in 2010 by international group PayU, owned by media group Naspers. The company has started a rebranding process and will be named PayU Romania.
Other promotions within the PayU group include Andreea Polizu, who is now Anti-Fraud&AML Manager and Stefan Cenusa, who is now Technical Deployment Coordinator.
In the first nine months of 2011, ePayment has processed transactions worth a total EUR106.7 million.
PayU is active in Poland, the Czech Republic, Romania and Hungary. In 2010, the group has processed 31 million transactions, worth a total EUR800 million.
In Romania, ePayment is a market leader for online payments, with over two million transactions processed in 2010, worth EUR121 million. The company has a 90% share in the overall amount of transactions processed by Romcard.