
Bulgaria
When your smile is your wallet - biometric payment in Bulgaria
“Smile, please!” You can now hear this call from the barista as you grab your coffee or…Continue reading
Digitalization
- Internet usage (of pop.)
- 74%
- Did online shopping (age 15+)
- 30 – 34%
- Paid bills via internet (age 15+)
- 22 – 25%
- Accessed a bank account online (age 15+)
- 19 – 23%
- Paid utility bills using a mobile phone (age 15+)
- 3 – 4%
- Made or received digital payments (age 15+)
- 79 – 84%
Data overview for Bulgaria
Digitalization
- Internet usage (of pop.)
- 74%
- Did online shopping (age 15+)
- 30 – 34%
- Paid bills via internet (age 15+)
- 22 – 25%
- Accessed a bank account online (age 15+)
- 19 – 23%
- Paid utility bills using a mobile phone (age 15+)
- 3 – 4%
- Made or received digital payments (age 15+)
- 79 – 84%
Macro data
- Population 2020
- 6.95M
- GDP Total 2020
- €62.9B
- GDP per capita 2020 (PPP)
- €21,300
- GDP forecast 2021
- 3%
- Trade Flows (% of GDP)
- 105%
Banking data
- Total bank assets 2020
- €63.3B
- Total bank assets 2020/GDP
- 105%
- Account ownership (age 15+)
- 87 – 93%
- Debit card ownership (age 15+)
- 78 – 81%
Economic data
- Unemployment
- 5%
- Currency
- BGN
- Remittances (% of GDP)
- 1.4%
- Private Consumption (yoy)
- 4%
Data provided by Raiffeisen Research, Sources
Articles about fintech in Bulgaria
Helping early-stage Eastern European startups grow through a diversified portfolio
In October 2021, Eleven, a Bulgarian venture capital (VC) company, announced the first closing of their most…Continue reading
Speaking from experience: 6 tips for a successful partnership between a startup and an established company
Reorganization of teams, changes in the way of creating, developing and integrating innovations, renewal of the IT…Continue reading
Bulgaria compared to other CEE countries
Bulgaria
- Internet usage (of pop.)
- 74%
- Did online shopping (age 15+)
- 30 – 34%
- Paid bills via internet (age 15+)
- 22 – 25%
- Accessed a bank account online (age 15+)
- 19 – 23%
Data provided by Raiffeisen Research, Sources