Considering that the first Open Banking platform in Bulgaria launched in 2019, it’s no surprise to say that the country is still in its formative years when it comes to OB. There are promising signs for the country, but the reality is that there is a long way to go.
Bulgaria is only making its first steps in the Open Banking space. The next couple of years is expected to be crucial in the adoption of the technology. One of the most interesting developments will be the level of involvement by the local government and authorities regarding OB regulation and incentives.