More Bulgarians Use Card Payment Methods

Business » FINANCE | February 10, 2014, Monday // 17:55
Bulgaria: More Bulgarians Use Card Payment Methods Photo by wikipedia.org.

More Bulgarians are willing to use POS terminals and tend not to pay cash.

In 2013, the purchases made by debit or credit card increased by 20% and the average amount was BGN 70 per month.

Consumers tend to be more willing to use a POS terminal for small purchases of BGN 2-3 as well, Nova TV reports.

Traditionally, more card payments are made during the holidays. Therefore, the transactions via POS terminals increased by 40% in December.

According to bankers, the future is in the contactless payments which save time otherwise spent in lines at stores

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: POS terminal, contactless payment, transaction

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria