Articles with tag: bulgaria

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Ecommerce in Europe to account EUR 717 bln in 2020

10 Jul 2020 | Ecommerce

An ecommerce research has revealed that ecommerce is expected to be worth EUR 717 billion in 2020, meaning a 12.7% increase compared to 2019.

Ecommerce Region Report, ecommerce, research, report, Europe, online shoppers, Romania, Bulgaria, Spain, Belgium, Ireland, Austria, Iceland, UK, Denmark, Germany, the Netherlands, Sweden, foreign ecommerce, national ecommerce, Poland, Malta, Cyprus

Paysafe rolls out online cash payments solution in Bulgaria

07 Jul 2020 | Payments General

UK-based payment service provider Paysafe has launched its Paysafecash solution in Bulgaria to enable online retail cash purchases. 

Paysafecash, Paysafe, Bulgaria, checkout, barcode, cash payments, EasyPay, prepaid payment method, ecommerce, online shopping

Wirecard, Payhawk team up to launch a Visa corporate card

16 Jun 2020 | Cards

Wirecard has revealed it is collaborating with Bulgaria-based fintech Payhawk to launch a new Visa corporate card to provide companies with a solution to manage corporate expenses. 

Wirecard, Payhawk, launch, Visa, cards, expenses, accounting, digital financial technology, Bulgaria, fintech, collaboration, management, startup, card infrastructure, e-money, fraud, risk management, issuing processing, card management

phyre closes a EUR 1.55 mln funding round

30 Mar 2020 | Payments General

Phyre, a Bulgaria-based fintech, has secured EUR 1.55 million in a funding round led by VC fund, New Vision 3 Fund and the Bulgarian American Credit Bank

Bulgaria, fintech, phyre, e-wallet, VC fund, New Vision 3 Fund, Bulgarian American Credit Bank, banking, payments, SaaS, PaaS, BaaS, Mastercard, contactless, A1, Vivacom

Paynetics closes a EUR 2.5 mln funding round

27 Mar 2020 | Online Payments

The Bulgarian fintech company Paynetics has raised funding to expand its European business. 

Paynetics, funding, fintech, payments, Bulgaria

Mastercard is developing mobile POS solution

16 Mar 2020 | Ecommerce

Mastercard has announced it is working with Bulgaria-based payment solutions provider Paynetics to run a four-week trial of a mobile point-of-sale (mPOS) solution.

Mastercard, Paynetics, mobile point-of-sale, mPOS, mobile POS, ecommerce, retail payments, digital inclusion, merchants, mPOS terminal, Bulgaria, UK, Romania, Germany, Poland, Europe,

Sirma launches Open Banking suite for boosting PSD2 payment services

06 Mar 2020 | Payments General

Bulgaria-based Sirma has announced the release of Open Banking Suite OBS, a PSD2-compliant end-to-end fintech software suite. 

Sirma, Open Banking, Open Banking Suite OBS, fintech, PSD2, financial technology, EBA’s Regulatory Technical Standards, European Banking Authority, PoS terminal, Bulgaria, Eastern Europe

EIF signs new pilot guarantee instrument with three banks in Bulgaria

28 Feb 2020 | Payments General

The European Investment Fund (EIF) has signed three new guarantee agreements with Unicredit Bulbank, United Bulgarian Bank, and ProCredit Bank (Bulgaria) to support documentary finance activity in Bulgaria.

European Investment Fund, EIF, Unicredit Bulbank, United Bulgarian Bank, ProCredit Bank, financing, Bulgaria, credit

Interview with Valeri Valtchev about Bulgaria`s buzzing fintech industry

14 Jan 2020 | Payments General

Valeri Valtchev, Bulgarian Fintech Association: The tech talent, the beneficial business conditions, the strategic location of the country coupled with the evolving fintech trends led to establishing Bulgaria as a fintech hub

Valeri Valtchev, Bulgarian Fintech Association, fintech, payments, Open Banking, innovation, technology, startups, banks

Fibank launches Open Banking platform in Bulgaria

28 Nov 2019 | Online & Mobile Banking

Fibank has launched the first Open Banking platform in Bulgaria fully compliant with the PSD2 Directive.

Fibank, Open Banking, Bulgaria, PSD2, banks

Fibank, Mastercard and Garmin roll out watch payment in Bulgaria

30 Sep 2019 | Payments General

First Investment Bank (Fibank) has teamed up with Mastercard and Garmin to enable customers in Bulgaria pay with their Garmin watches.

First Investment Bank, Fibank, Mastercard, Garmin, Garmin Pay, wearables, mobile payments, contactless payments, Bulgaria

Bulgarian tax agency fined for failing to protect data for 5.1 million citizens

02 Sep 2019 | Digital Identity, Security & Online Fraud

Bulgaria’s National Revenue Agency has been fined USD 2.9 million for failing to stop a data breach that leaked tax records for nearly all of the country’s adult citizens.

data breach, leaked info, online security, fraud prevention, tax records, Bulgaria, fraud

Allianz Bank partners with Software Group

21 Jan 2019 | Payments General

Allianz Bank Bulgaria, in partnership with Software Group, a local tech company, is launching ? digital transformation project to help financial institution communicate with customers.

Banking, digital, lending, personal finance management, retail banking, Allianz, Allianz Bank Bulgaria, Software Group, Bulgaria, Europe

Germanys Varengold Bank launches operations in Bulgaria

26 Nov 2018 | Payments General

Germany-based Varengold Bank has commenced operations in Bulgaria.

Varengold Bank, Bulgaria, fintech, marketplace banking

SWIFT partners with Central Cooperative Bank in Bulgaria

23 Nov 2018 | Payments General

Swift has announced that Central Cooperative Bank in Bulgaria is choosing its gpi (global payments innovation) service.

Central Cooperative Bank, Bulgaria, SWIFT, gpi, payments