Podcast in English
Text size
Bulgarian National Radio © 2025 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

Admiral Emil Eftimov

Bulgaria's Chief of Defense Emil Eftimov to present an analysis of the state of the Armed Forces

The annual conference of Bulgaria’s Chief of Defense Admiral Emil Eftimov will take place from February 25 to 26, 2025. Today, Admiral Eftimov will present the "Analysis of the state and preparedness of the Armed Forces in 2024." Defense Minister..

published on 2/25/25 7:10 AM

Goethe Institut Bulgaria hosts a discussion on the potential of culture to counter youth aggression

Goethe Institut Bulgaria and Ideas Factory Association are organizing a discussion on the role of culture as a means of countering violence and youth aggression. The event will take place from 16.0 pm to 18.00 pm at Goethe Institut Bulgaria. The open..

published on 2/25/25 6:00 AM

Temperatures are expected to rise on Tuesday

On Tuesday , the minimum temperatures in Bulgaria will be between minus 5 and 0°C, in the northeast - as low as minus 11°C. In Sofia, it will be around minus 3°C.  In the morning, fog is possible near the rivers. During the day, there will be light..

published on 2/24/25 7:25 PM