Card Payments in Bulgaria have Increased by 44% over Three Years

Bank card payments have increased by 44% between 2014 and 2016, and their value has increased by 38%, BNB Deputy Governor Nina Stoyanova said at a forum on financial sector digitization.

According to Stoyanova, the number and value of card payments made via the POS terminal has increased by more than 20%.

BNB data also show that in 2016 over 50% of credit transfer orders were made electronically by users, which represents two thirds of the total value of all credit transfers.