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Payments Landscape in Bulgaria: Opportunities and Risks to 2022

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Payments Landscape in Bulgaria: Opportunities and Risks to 2022

Summary

GlobalData's "Payments Landscape in Bulgaria: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Bulgarian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, and direct debit during the review-period (2014-18e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Bulgarian cards and payments industry, including-

- Current and forecast values for each market in the Bulgarian cards and payments industry, including debit and credit cards.

- Detailed insights into payment instruments including cash, cards, credit transfers, and direct debit. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis.

- Analysis of various market drivers and regulations governing the Bulgarian cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- In a bid to alter its market share in the country, BORICA launched national card scheme Bcard in July 2017. At present, over 20 payment services providers issue Bcard in Bulgaria. To increase international acceptance of Bcard, BORICA partnered with China UnionPay in July 2018 to introduce co-badged cards.

- American Express exited the market in 2017. In July 2017, Postbank-which was the sole issuer of American Express cards in Bulgaria-ceased both issuance and maintenance of American Express-branded cards. The bank's existing American Express cards were replaced with Mastercard-branded cards, which boosted Mastercard's credit and charge card share.

- To offer convenient fund transfers, the European Payments Council introduced the SEPA Instant Credit Transfer system in November 2017, which enables individuals to transfer a maximum of EUR15,000 (USD 17,183.22) within 10 seconds. Funds can be transferred instantly 24 hours a day, seven days a week, 365 days a year. To date, payment solutions provider iCard is the only company in Bulgaria that has registered for this service.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Bulgarian cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the Bulgarian cards and payments industry.

- Assess the competitive dynamics in the Bulgarian cards and payments industry.

- Gain insights into marketing strategies used for various card types in Bulgaria.

- Gain insights into key regulations governing the Bulgarian cards and payments industry.

READ MORE

Table Of Content

Scope

Table of Contents

Market Overview

Executive Summary

Card-based Payments

E-commerce Payments

Alternative Payments

Payment Innovations

Payments Infrastructure & Regulation

Appendix

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

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Products and Companies

Products

The cards and payments industry in Bulgaria, Financial cards, Debit cards, Credit cards, E-commerce, Alternative payments


Companies

OTP Bank

KBC Bank

UniCredit

Central Cooperative Bank

Eurobank

Fibank

Access Finance

Visa

Mastercard

BORICA

Company Profile

Company Profile Title

Payments Landscape in Bulgaria: Opportunities and Risks to 2022

Summary

GlobalData's "Payments Landscape in Bulgaria: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Bulgarian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, and direct debit during the review-period (2014-18e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.

The report brings together GlobalData's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into the Bulgarian cards and payments industry, including-

- Current and forecast values for each market in the Bulgarian cards and payments industry, including debit and credit cards.

- Detailed insights into payment instruments including cash, cards, credit transfers, and direct debit. It also, includes an overview of the country's key alternative payment instruments.

- E-commerce market analysis.

- Analysis of various market drivers and regulations governing the Bulgarian cards and payments industry.

- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- In a bid to alter its market share in the country, BORICA launched national card scheme Bcard in July 2017. At present, over 20 payment services providers issue Bcard in Bulgaria. To increase international acceptance of Bcard, BORICA partnered with China UnionPay in July 2018 to introduce co-badged cards.

- American Express exited the market in 2017. In July 2017, Postbank-which was the sole issuer of American Express cards in Bulgaria-ceased both issuance and maintenance of American Express-branded cards. The bank's existing American Express cards were replaced with Mastercard-branded cards, which boosted Mastercard's credit and charge card share.

- To offer convenient fund transfers, the European Payments Council introduced the SEPA Instant Credit Transfer system in November 2017, which enables individuals to transfer a maximum of EUR15,000 (USD 17,183.22) within 10 seconds. Funds can be transferred instantly 24 hours a day, seven days a week, 365 days a year. To date, payment solutions provider iCard is the only company in Bulgaria that has registered for this service.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Bulgarian cards and payments industry and each market within it.

- Understand the key market trends and growth opportunities in the Bulgarian cards and payments industry.

- Assess the competitive dynamics in the Bulgarian cards and payments industry.

- Gain insights into marketing strategies used for various card types in Bulgaria.

- Gain insights into key regulations governing the Bulgarian cards and payments industry.

READ MORE

Scope

Table of Contents

Market Overview

Executive Summary

Card-based Payments

E-commerce Payments

Alternative Payments

Payment Innovations

Payments Infrastructure & Regulation

Appendix

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License: 
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

The cards and payments industry in Bulgaria, Financial cards, Debit cards, Credit cards, E-commerce, Alternative payments


Companies

OTP Bank

KBC Bank

UniCredit

Central Cooperative Bank

Eurobank

Fibank

Access Finance

Visa

Mastercard

BORICA