Payment systems

Card payments leap higher in third quarter

Credit and debit card transaction turnover grew almost 15 percent over the third quarter of the year on an annual basis, banishing fears that the growth rate of online transactions might slow to below 10 percent in 2019.

Card transactions added up to 11.4 billion euros in July-September, up 14.6 percent or 1.4 billion euros from the third quarter of 2018.

Golden Visa property purchases can now be paid for via cards abroad

An amendment to a bill for spurring investments that is currently being debated in Parliament seeks to include payments conducted from January 1, 2017 via credit or debit card in the Golden Visa program for granting residence permits to foreign nationals making real estate purchases worth at least 250,000 euros.

75% of Bulgarians who Use Mobile Payment Applications Believe in their Security

The annual report of Mastercard - Masterindex provides new information about the Bulgarians' perceptions of payment methods, banking services and the frequency of their use. A survey, which was conducted this year, shows that almost every Bulgarian in the country has a debit card (98%), while the percentage of credit card holders is 40.

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