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Mobile Is the Most Popular Payment Method in Bulgaria

Across the world, digital payment methods are becoming increasingly widespread. Where once cash was king, consumers are now turning to methods that offer greater flexibility. They no longer want to have pockets full of change or make frequent trips to their nearest ATM; rather, they like to know they have constant access to their money at the click of a button.

PayPal Quarterly Payments Jump 85% in Three Years to Hit 3.2 billion in March 2020

Smart devices and a booming global eCommerce market have driven the rapid adoption of digital payments worldwide. Digital payments have changed the payment industry traditionally dominated by cash and credit cards, offering consumers lower fees and faster transfers at the touch of a button.

Fintech Startups Are Going to Take a Lot of Banks’ Revenue

The global payment business, which covers everything from card payments to remittances abroad, will generate about $ 1.5 trillion this year, according to Accenture. But new players are entering the market, TechNews.bg reports. Now banks dominate the payments sector, but by 2025, when that market grows to $ 2 trillion, banks can lose $ 280 billion, or about 15% of the total payment revenue.

Tax inspectors to probe web

Some 1.2 million freelance professionals and small companies are set to come under the lens of the tax authorities, which will be scrutinizing their last five years of activity, as the head of the Independent Authority for Public Revenue Giorgos Pitsilis has issued a decision setting new criteria concerning their monitoring.

China: We are Doing our best to Save Mountaineer Boyan Petrov

The government of China is taking all possible steps to rescue the Bulgarian mountaineer Boyan Petrov, who disappeared in the Himalayas, said Beijing Gun Shuang Foreign Ministry spokesman.

"China pays great attention to the rescue of Bulgarian climber Boyan Petrov. We take all possible measures to find him, "the diplomat said.

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