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Bulgaria
%20(1).png)
Top e-commerce industries
20%
Electronics
27%
Hobby & Leisure
15.9%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Sofia
Capital
6.8M
Population
GMT+2
Time Zone (GMT)
BGN
Currency
Bulgarian lev
$23.6B
Transactions
value in 2030
19.2%
CAGR
of Digital Payments
during 2025-2030
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
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Pay by Bank in Bulgaria is an emerging payment method leveraging the European Union's Payment Services Directive (PSD2) framework, with 32 payment providers supporting the system, over 900,000 registered accounts for peer-to-peer transfers, and a doubling in instant payment transactions from 2023 to 2024
Method
Pay by Bank (BG)
Pay by Bank (BG)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
BGN
Authorization
speed
speed
Instant
Recurring
N/A
N/A
Reasons for Popularity
Faster, instant payment capabilities (around 10 seconds per transaction).
