Successful digitization in the financial sector requires a balance between technological innovation and the human aspects of change.

Martin Bogdanov, Chairman of the Board of Directors of Paysera Bulgaria, answers questions about the banking industry's clash with new technologies.

Here's how big the fintech sector is in Bulgaria.

Filip Mutafis, CEO of Paysera Bulgaria, comments on the dynamics of the industry and its opportunities to grow.

What's next in fintech services in our country - payment initiation

This payment method is gaining momentum in Europe and it's just making more serious steps in Bulgaria

Fintech companies in Bulgaria keep improving their services' quality

According to the last BFA report, there are 156 fintech companies operating in the country with a total income of 1.8 billion leva or 1.3% of the GDP.

International transfers increase by over 30% in 2022

The most significant increase is the USD transfers compared to the previous year, with a rise of 81%

50,000 tickets in Bulgaria have been sold through the Paysera Tickets platform

The fintech company accelerates the attraction of in-person events and concerts.

Outgoing transfers for over 1.1 billion leva are executed from Paysera in Bulgaria

The majority of transactions are in euros, US dollars, and British pounds

Almost 900K leva worth of gold bought the Bulgarian clients

Most customers acquire gold worth between 120 and 2,500 leva

International money transfers are dominated by euro payments

Transfers in euros are mainly to the European Union. Only 10% of completed transactions are sent to third countries, including the UK, Turkey, and Ukraine.

Bulgarian clients of Paysera have doubled in less than 3 years

Around 50K clients of the Fintech company have made payments for over 533 M leva in the first half of the year

The amount of digital payments through Paysera increases with 44% for the fist half of the year

Business-to-business payments and international transfers dominate shows the company report for the first six months of 2022

Bulgarians have bought investment gold worth half a million leva

Precious metals are among the preferred methods to preserve purchasing power

Paysera won the Fintech of the Year Award from b2b Media Awards 2022

The competition is held for the eighth consecutive year and recognizes the best businesses, projects, and individuals in over 30 different categories.

Paysera is nominated for the Bulgarian Industrial Capital Association (BICA) awards "Economy on bright"

The company is acknowledged for its contribution to curbing and preventing the informal economy by creating a platform for legal and traceable digital payments.

Paysera won the Lithuanian FinTech Awards 2022 public vote

The competition is organized by RockitVilnius and gives the opportunity for Lithuanian companies to showcase their accomplishments.

Оur goal is to become a complete substitute option for traditional banking

Interview with Martin Bogdanov, Member of the Board of the Bulgarian Fintech Association and CEO of Paysera Bulgaria for "Banker" newspaper.

Paysera won a prestigious award of the competition Digitalk&A1 Awards

The Payment Initiation Service received the highest rating from the jury in the category "Implementation, efficiency and results". 30 projects for new technological solutions took part in the first edition of the competition.

Digitalk & A1 Awards: Paysera implements Payment Initiation Service

The company adds a new payment method that facilitates eCommerce and increases options for accepting payments online. The Payment Initiation Service (PIS) is based on open banking and is already implemented in the payment gateway - Paysera Checkout.

Paysera – safe transactions and low fees

Safe transactions and low fees – this is how we can describe Paysera. Let’s start from the beginning.

How consumers save over BGN 3 million in fees and commissions

The fintech industry has changed the rules of the game. Consumers are already accustomed to technological advances in financial services, and so their primary requirement is to make them even more flexible, organized, streamlined and, above all, secure.

Paysera launches Bulgarian IBAN numbers for its clients

The possibility to perform utility payments via Paysera Bulgaria's Leva accounts will be available in the next months.

The Bulgarian representative of the Lithuanian company Paysera entered the Romanian market

The Bulgarian representative of the Lithuanian company Paysera LT now operates on the Romanian market as well.

The money transfer platform Paysera entered the Romanian market

The Bulgarian representative of the Lithuanian payment services company Paysera opened a local office and support centre in Romania.

The Lithuanian company Paysera offers lower prices for international money transfers

The Lithuanian company Paysera offers international money transfers at prices lower than banks.

Crowdfunding: E-Payment Company Paysera Wants to Get Small Individual Investors on Board

The Lithuanian e-payment company Paysera, mostly known for its low-price money transfer products, has chosen an alternative strategy to back its further development and is launching a security token offering (STO) campaign.

The Lithuanian Payment Services Company Paysera is Gaining Investments via Crowdfunding

The payment services company aims to attract thousands of small individual investors in order to, with their help, obtain investments of 2.5 mln euro.

Paysera will share profit with thousands of private investors

Lithuanian payment system Paysera and security issuance platform Desico signed a cooperation agreement. The agreement provides for a crowdfunding project: individual clients will be able to acquire Paysera's securities that will be linked to future performance of the company.

"Paysera Bulgarija" starts development in Romania

The digital payments company aims at clients with a small and medium business.

In 2018 Paysera saves its clients more than 2M BGN

Fintech company Paysera, performing international money transfers, continues its successful development in Bulgaria.

Paysera Bulgaria enters the Romanian market

Paysera Bulgarija, a franchisee of Lithuanian online payment service provider Paysera LT, has opened a representative office in Romania.

Biometry, AI, QR Code Payments and What Else to Expect From the Fintech Sector in Bulgaria This Year?

Trending Topics asked three of the main drivers behind the ecosystem where is the Bulgarian fintech sector heading in 2019 and what new technologies the companies envision.

Paysera and Microinvest announced an innovative joint service for hotels and restaurants with QR code payments included

The service represents a complete order/ reservation management system that includes QR code payments and allows faster customer service and cheaper payment processing.

SEPA Instant money transfers are now available in Bulgaria

The cross-border money transfers company Paysera launched the SEPA Instant Credit Transfer service that allows sending up to 15,000 euro within 10 seconds.

Paysera began to offer cardless mobile payments service

Bulgarian merchants are able to collect cashless payments without the need of a physical POS terminal.

Paysera presented the first QR code payments in Bulgaria at Webit 2018

Paysera Bulgaria provided the event visitors with the opportunity to test a QR code payment for free.

Dependence on technologies increases with company's expansion

Technologies are an integral part of the financial sector

Martin Bogdanov - CEO of Paysera Bulgaria in an interview for "Your Business"

Martin Bogdanov believes, that for every entrepreneur a professional attitude to the business is of a great importance.

The perspectives on the FinTech industry

FinTech companies - a challenge to the banking sector.

Challenges in eCommerce

The more modern and technological payment methods are becoming more and more popular.

FinTech Companies vs Banks - striving for better financial services

The difference between a FinTech company and a typical commercial bank is that the fintech company focuses on a specific product or service while the bank is trying to offer multiple products for multiple customers and to maintain complete customer support. This is what Martin Bogdanov, the CEO of Paysera Bulgaria, said on the show "In Development" with Veronika Denisova as the host.

Bulgarian FinTech companies processed over 650 mln. BGN in 2017

Paysera has saved Bulgarian customers over 1.2 mln. BGN of cross-border transfers

FinTech sector in Bulgaria expects PSD2 to encourage payments

The number of transactions via FinTech platforms and investments in peer-to-peer platforms is growing.

FinTech sector in Bulgaria reported 2017 as successful

The past 2017 was successful for companies of the FinTech sector in Bulgaria.

FinTech platforms are becoming more popular

FinTech platforms are becoming more popular in Bulgaria and the number of transactions performed via the platforms continues to grow.

"Paysera Bulgaria" has performed international money transfers for 115 mln. BGN

The Bulgarian office of the online platform for international money transfers Paysera, has executed transfers for a total of BGN 115 million for the first six months of the year.

Modern FinTech companies give solutions to the problem of high international transfer fees

High bank fees for international money transfers are a common problem among small and medium businesses.

The FinTech company Paysera Bulgaria was awarded with "Business Debut of the Year"

The global platform for international money transfers, Paysera Bulgaria, was awarded with 1st place in the category "Business Debut of the Year".

Fintech: transfers of money abroad can be cheaper

Without being banks, alternative financial companies can provide lower fees for banking services to companies.

Modern alternatives of payment services

Martin Bogdanov - CEO of Paysera Bulgaria in interview for CFO.

The FinTech industry has a huge potential

Deloitte predicts 55% annual growth in the fintech industry in CEE.

Martin Bogdanov talks about Paysera capabilities

The leading companies in the FinTech industry in the country gathered at a business breakfast

The leading FinTech companies in the country gathered at a business breakfast "The development of FinTech industry in Bulgaria".

Small and medium companies save up to 1000 BGN a month from lower commission fees with Paysera

For the past 6 months, Paysera Bulgaria has won over 400 business clients and over 1000 individual clients.

The FinTech Industry in the country through the eyes of 5 leading companies

The business breakfast "The development of FinTech industry in Bulgaria through the eyes of 5 of the leading companies" was held in Sofia with the participation of the main companies from the sector in Bulgaria - Paysera, ePay, Iuvo and Klear.

The FinTech industry with low-cost fees for financial services

Large turnover, combined with low operating costs, allows FinTech companies to offer a low-cost alternative to traditional financial services, according to the industry.

Bulgarian peer-to-peer lending companies provide over 4% profitability

Bulgarian peer-to-peer lending companies provide more than 4% return on investments and have managed to finance loans for over 3 million BGN in just a few months.

FinTech start-ups transfers fees are times lower than the bank fees

The services of tech companies in the financial sector - FinTech companies, will become an alternative to some of the more expensive banking services.

Paysera made transfers for 16 million leva in a month

The e-payment platform for cross-border payments Paysera, has executed transactions of its Bulgarian clients for 16.1 million BGN in September.

Lithuanian company for money transfers enters the Bulgarian market

Paysera - a Lithuanian company offering a global platform for money transfers and financial services, is entering the Bulgarian market, focusing primarily on small and medium-sized businesses.

The Lithuanian company Paysera enters the international money transfers market

The Lithuanian company Paysera which offers low-budget money transfers, started operating in Bulgaria.