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COVID-19 Creates Opportunities for Mass Adoption of Fintech in Bulgaria

Source: SeeNews

The coronavirus (COVID-19) outbreak and the economic downturn it triggered gave the fintech sector in Bulgaria a chance to see various opportunities for mass adoption of financial technology in the near future, industry representatives say.

The coronavirus crisis has resulted in a change in consumer behaviour and merchants' needs and this trend, which is expected to become a constant one, has already started to benefit the businesses of players on the local fintech market, representatives of the sector said during Digital Finance Outreach 2020, an online discussion organized by the European Commission and the Bulgarian Fintech Association (BFA) earlier this month.