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.)
- 83.1%
- Did online shopping (age 15+)
- 38.9%
- Paid bills via internet (age 15+)
- 31.5%
- Accessed a bank account online (age 15+)
- 45.5%
- Paid utility bills using a mobile phone (age 15+)
- 14.8%
- Made or received digital payments (age 15+)
- 75.2%
Data overview for Bulgaria
Digitalization
- Internet usage (of pop.)
- 83.1%
- Did online shopping (age 15+)
- 38.9%
- Paid bills via internet (age 15+)
- 31.5%
- Accessed a bank account online (age 15+)
- 45.5%
- Paid utility bills using a mobile phone (age 15+)
- 14.8%
- Made or received digital payments (age 15+)
- 75.2%
Macro data
- Population 2021
- 6.9M
- GDP Total 2021
- €84.6B
- GDP per capita 2021 (PPP)
- €27,800
- GDP forecast 2021
- 3.4%
- Trade Flows (% of GDP)
- 101.7%
Banking data
- Total bank assets 2021
- €82B
- Total bank assets 2021/GDP
- 97%
- Account ownership (age 15+)
- 84%
- Debit card ownership (age 15+)
- 71.3%
Economic data
- Unemployment
- 4.5%
- Currency
- BGN
- Remittances (% of GDP)
- 1.4%
- Private Consumption (yoy)
- 4.8%
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.)
- 83.1%
- Did online shopping (age 15+)
- 38.9%
- Paid bills via internet (age 15+)
- 31.5%
- Accessed a bank account online (age 15+)
- 45.5%
Data provided by Raiffeisen Research, Sources