Open Banking in Bulgaria

Bulgaria transposed PSD2 through the Payment Services and Payment Systems Act, with the Българска народна банка (BNB) as the supervisory authority. Bulgarian banks including UniCredit Bulbank, DSK Bank, and United Bulgarian Bank have implemented open banking APIs.

Bulgaria's IT outsourcing industry provides strong technical capabilities for API development and fintech innovation. Sofia has an emerging fintech ecosystem, with growing interest in open banking-enabled services. The market is progressing toward eurozone membership, which will further align its payment infrastructure with EU standards.

While internet penetration (80%) is lower than Western European peers, digital banking adoption is growing rapidly, particularly among younger demographics.