Paysera Bulgaria entered the Romanian market The Bulgarian representation of the Lithuanian payment service company Paysera opened an office and support center in Romania. Local businesses and individuals in the country will now be able to have an account in foreign currencies, make transfers with minimum fees and exchange currency at lower rates. Paysera entered the Bulgarian market in 2016. The company's expectations are the multi-currency account offered by Paysera's platform to facilitate partnerships between Bulgarian and Romanian companies. Organizations in both countries will be able to have accounts in Bulgarian leva or Romanian leu, through which they can be paid faster and easier with low commissions with their partners. Paysera works in 184 countries worldwide, has local representatives in 6 European countries and a network of 50 partner banks. In 2018 alone nearly 400,000 customers have made more than 1.9 million transfers through the Paysera platform for nearly EUR 3.9 billion.
Source: Banker (17.07.2019)

The Bulgarian representation of the Lithuanian payment service company Paysera Bulgaria opened an office and support center in Romania. Local businesses and individuals in the country will now be able to have an account in foreign currencies, make transfers with minimum fees and exchange currency at lower rates. Paysera entered the Bulgarian market in 2016. The company's expectations are the multi-currency account offered by Paysera's platform to facilitate partnerships between Bulgarian and Romanian companies. Organizations in both countries will be able to have accounts in Bulgarian leva or Romanian leu, through which they can be paid faster and easier with low commissions with their partners. Paysera works in 184 countries worldwide, has local representatives in 6 European countries and a network of 50 partner banks. In 2018 alone nearly 400,000 customers have made more than 1.9 million transfers through the Paysera platform for nearly EUR 3.9 billion.
Source: money.bg (17.07.2019)

BACB has purchased BTC's share in Paytech fintech project Six months after the Bulgarian Telecommunications Company (BTC) and the Bulgarian-American Credit Bank (BACB) entered into a strategic partnership to enter the fintech market, the project came under the sole control of the bank, which explained the move as part of its acceleration. The licensing of the newly established company Paytech as an electronic money company is expected and is likely to involve a new partner as a technology provider. This would allow BACB to offer its own fintech product and start working with consumers. Paytech, a joint venture between the largest telecom in the country and one of the medium-sized banks in the market, was set up in April this year with a capital of BGN 1 million, with each partner having an equal share. The project received the approval of the CPC, which gave green light to its founders for entering the dynamically developing market for fintech services in Bulgaria. There is already one telecom out there - A1, which offers a mobile wallet, as well as a number of popular companies such as Phyre or Paysera.
Source: Capital (10.10.2019)