The Bulgaria euro transition on 1 January 2026 required a live, national-scale payments transformation involving banks, payment service providers, fintechs, government institutions, international schemes, and technology partners. BORICA AD, Bulgaria’s national card and payment infrastructure operator, has outlined in a new case study how the cutover was carried out with ecosystem partners including OpenWay. Its Way4 platform supported BORICA’s card issuing, acceptance, and payment processing environment. Useful lessons can be inferred for all payment companies preparing high-risk infrastructure change. Lesson 1: Treat the cutover as an ecosystem challenge The case study, Bulgaria’s Euro Day One: How BORICA Orchestrated a National…
Author: Nikolay Lazarov, Ph.D., EMBA, Director Marketing and Communications, BORICA
Author
Nikolay Lazarov, Ph.D., EMBA, Director Marketing and Communications, BORICA
Nikolay Lazarov, Ph.D., EMBA, is Director Marketing and Communications at BORICA with more than 20 years of experience in digital banking, business development, innovations, sales, and marketing. His work focuses on payment infrastructure, instant payments, digital identity, cards, business ecosystem, and financial services transformation in Southeast Europe. He also has academic experience, teaching courses including “AI in Business” at leading academic institutions in Bulgaria, combining industry expertise with research, education, and public speaking on fintech strategy.
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