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

Hungarian Minister of Interior Sandor Pinter

Romania and Bulgaria have a chance to join Schengen by land as of January 2025

Romania and Bulgaria have a chance to join the Schengen area by land as  of January 2025 , Hungarian Interior Minister Sándor Pinter said after an informal meeting in Budapest of the interior ministers of Hungary, Bulgaria, Romania and Austria ...

published on 11/22/24 4:37 PM

Sofia Christmas festival will kick off tonight in front of National Palace of Culture

The Sofia Christmas Festival will open tonight in the park in front of the National Palace of Culture in the heart of Sofia . The third edition of the festival starts at 6.30 pm with a rich program and attractions - а Ferris wheel, a carousel and..

published on 11/22/24 4:24 PM

MPs fail to elect a Speaker of Parliament at fifth attempt

Yet another, already fifth attempt by MPs to elect a Parliamentary Speaker has failed. Four candidates were put to the vote - Natalia Kiselova from BSP-Unified Left, Petar Petrov from Vazrazhdane, Raya Nazaryan from GERB and Silvi Kirilov from ITN...

published on 11/22/24 3:40 PM