Prolaz is in the process of updating the Visa and Mastercard service provider registry lists with the updated information.
In today’s competitive payments landscape, both banks and retailers are under pressure to increase efficiency, reduce costs, and improve customer experience. One of the most powerful – yet often overlooked – levers for achieving these goals is multi-payment acceptance.
At Prolaz, we help financial institutions and merchants tap into the full potential of this model through our intelligent, PCI-DSS certified payment gateway. But what exactly are multi-payments, and why are they reshaping the acquiring ecosystem across Europe?
Prolaz, the B2B FinTech company focused on transforming payment acceptance across Europe, has announced the addition of UniCredit Bulbank as its fourth acquiring bank partner in Bulgaria. This latest connection further strengthens Prolaz’s local network, providing retailers with greater choice and flexibility while supporting more efficient payment acceptance.
With UniCredit Bulbank joining Prolaz’s platform, merchants in Bulgaria can now benefit from enhanced payment routing options that help reduce processing fees and improve transaction performance. The partnership also enables banks to access higher transaction volumes at lower operating costs, thanks to Prolaz’s intelligent, PCI-DSS certified gateway.
“Expanding our local acquiring network in Bulgaria with UniCredit Bulbank reflects our ongoing commitment to supporting merchants and banks with smarter infrastructure and more competitive economics” said Danail Petkov, Chief Financial Officer of Prolaz. “Our partners can now take advantage of even more direct connections to drive savings, flexibility, and operational efficiency in payment acceptance.”
The addition of UniCredit Bulbank builds on Prolaz’s strategy of creating deep local connectivity across Europe. By combining intelligent switching technology with direct links to leading acquirers, Prolaz continues to modernize the payment value chain and deliver better outcomes for merchants and financial institutions alike.
Prolaz, the B2B FinTech company modernizing payment acceptance across Europe, announced today that it has added Transcard Financial Services as its fifth issuing bank partner in Bulgaria. This development further strengthens Prolaz’s local network, enhancing the company’s ability to deliver smarter, faster, and more profitable payment acceptance solutions for banks and merchants.
The addition of Transcard Financial Services provides greater payment choice and improved flexibility for merchants using Prolaz’s PCI-DSS certified gateway. The intelligent switching technology enables real-time transaction routing that helps retailers reduce processing fees while allowing banks to access higher transaction volumes at lower operating costs.
“This is another important step as we continue to build strong partnerships with leading financial institutions in Bulgaria” said Danail Petkov, Chief Financial Officer of Prolaz. “By adding Transcard Financial Services to our network, we are offering our partners even more ways to capture savings, improve efficiency, and deliver better customer experiences through smarter payment infrastructure.”
The expanded network aligns with Prolaz’s mission to redefine the economics of acquiring and issuing by combining intelligent technology with deep local connectivity. The company’s platform helps banks and retailers modernize the payment value chain and drive stronger unit economics across the region.
METRO is the only merchant in the country [Bulgaria] accepting payments with all electronic vouchers at one single POS terminal.
We live in a digital world, technology is affecting every aspect of our lives, so it’s no surprise that every service we use can be found in its electronic version. At the beginning of the year, another electronic service, improving the user experience, entered into force – food vouchers became digital, and from January 1 this year, every trader can choose whether to switch to an electronic version or to keep the paper ones until 01.07.2024, when all employers will only be able to issue digital meal vouchers to their employees.
