European Statistical Payment Card Yearbook

Bulgaria - Summary

 

Price: £75.00
Purchase Bulgaria Profile

Market Overview

  
Payment Organization BORICA (Bank Organisation for Payments Initiated by Cards)
is the interbank processor and debit card authorization centre.

   
Domestic Card Brands BORICA is the domestic debit card. BORICA cards are often co-badged Maestro for international use.

RaiCARD is a mono-bank credit card issued by Raiffeisen Bank BG.

TransCard is a domestic non-bank credit card, also co-badged MasterCard or JCB.

   
Market Structure

Most payments are made with cash; most electronic payments are credit transfers. Most bank cards are debit cards used for cash withdrawals.

Card payments have grown 36.2% during 2011 and the value increased by 37.9%. There were just 3.7 card payments per capita so far.

The number of cards issued rose from 106,000 in 1998 to 8.1 million in 2008, when penetration per capita exceeded 1.0 for the first time. In 2011 cards issued fell to just under 8 million.

The banking sector has been privatized and is more than 70% foreign-controlled. Four of the top 10 banks are owned by Greek bank groups.
   
NEW: Notable Market Trends Rapid growth of card use from a low level; V PAY; contactless cards.
   
Updated: Information about Major Issuers, Major Acquirers, Major Processors, Consumer Finance Indicator.
   

Statistical Key Figures 2011

  
  provided in this profile:
 
  • UPDATED: tables with card business data 2007-2011; growth rates: Y-o-Y, CAGR
  • Population, Cards per Capita, Card Value per Capita
  • Debit Cards, Credit/Delayed Debit Cards, Total Cards
  • Card payments by number and by value, ATV per card, payments per card/year
  • ATMs, POS terminals, ATMs/POS terminals per 1 million capita
  • ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month
  • POS payments by number/by value, ATV per POS payment, TXs per POS/month
  • Internet Use, e-payment mix, e-Commerce by value and growth rate
  • Drill down into the debit card use and credit cards use details
   
For more details about the structure of this country profile please refer to the country report sample.

 

 

 

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