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

British retiree Simon Hill: My wife and I love our lives in Bulgaria

Daily Mail Online published a letter from former teacher Simon Hill under the title “I’m living the Bulgarian retirement dream”. The retiree and his wife own two properties in Bulgaria. They get better healthcare, enjoy hot summers and ski in the..

published on 10/3/24 12:19 PM

Bulgaria and the United States are to expand their cooperation in the energy sector

Bulgaria and the United States are to expand the scope of their Intergovernmental Agreement for cooperation on the project for the construction of a new unit at the Kozloduy Nuclear Power Plant and the civil nuclear programme. This possibility was..

published on 10/3/24 10:38 AM
Caretaker Minister of Foreign Affairs Ivan Kondov

Bulgaria supports the membership of Serbia and Kosovo in the International Organization of La Francophonie

Caretaker Minister of Foreign Affairs Ivan Kondov is leading the Bulgarian delegation at the 45th session of the Ministerial Conference of La Francophonie, which will be held on October 3 in Paris, the Foreign Ministry announced. The foreign ministers..

published on 10/3/24 10:16 AM