Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Contactless payments expected to increase in Bulgaria: Bulgarian Central Bank

Photo: Pixabay

In the first half of 2021, 99.48% of the number and 99.68% of the value of payments at the POS terminal devices were made with cards, and the rest via mobile phone, mobile watch, etc. Although their share is still small, the number tends to continue to grow. This is clear from an excerpt from the data of the Bulgarian National Bank (BNB) prepared for bTV.

It is expected that in 2022 the trend of increasing card payment transactions will continue - both on the POS terminals and on the Internet, according to the BNB. In the case of contactless payments, the growth in transactions is expected to be driven by those offered by payment service providers. These are applications offered in collaboration with major technology companies that allow secure contactless payment directly with a mobile phone or another portable "smart" device.
An additional impetus to this type of payment will be brought by the started offering of solutions for accepting payments based on the so-called software POS. These are applications that are installed on a mobile phone and allow the merchant to accept contactless card payments using NFC technology, turning a mobile phone into a POS terminal, the BNB predicts.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Government airplane evacuates another 80 Bulgarians from Beirut

The second group of 80 Bulgarians who wanted to leave Lebanon has taken off from Beirut to Sofia onboard the governmental Airbus. The plane is expected to land in Sofia after 7 pm.  The second group of Bulgarians is ready for evacuation from..

published on 10/1/24 6:35 PM

The Netherlands remains the most attractive study destination for Bulgarian students

The interest of young Bulgarians in studying abroad has risen sharply , with a 30% increase compared to last year. In addition, the number of students leaving for the academic year 2024-2025 has increased by about 11%. This is what Kristina Bozhilova,..

published on 10/1/24 4:08 PM

Rumen Radev: Ending the violence in the Middle East requires international action

Our most important task at the moment is to ensure the safe return of all Bulgarian citizens who wish to be evacuated from Lebanon, President Rumen Radev told journalists in Burgas.  Noting that the escalation of the conflict in the Middle East had..

published on 10/1/24 2:28 PM