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Regional Fintech Report for Türkiye, Romania, and Bulgaria

Author

Listed:
  • Belma Ozturkkal

    (Kadir Has University)

  • Ceylan Onay Sahin

    (University of Brighton)

  • Canan Yıldırım

    (Rennes School of Business)

  • Vasile Alecsandru Strat

    (Dean of Bucharest Business School, Bucharest University of Economic Studies)

  • Deyan Radev

    (Faculty of Economics and Business Administration, Sofia University “St. Kliment Ohridski”)

  • Georgi Penev

    (Faculty of Economics and Business Administration, Sofia University “St. Kliment Ohridski”)

  • Daniel Traian Pele

    (Bucharest University of Economic Studies)

  • Cătălina Chinie

    (Faculty of Business Administration in Foreign Languages, Bucharest University of Economic Studies)

  • Florin Grosu

    (Faculty of Business Administration in Foreign Languages, Bucharest University of Economic Studies)

  • Flavius Cosmin Darie

    (Faculty of Business Administration in Foreign Languages, Bucharest University of Economic Studies)

  • Codruța Mare

    (Faculty of Economics and Business Administration, and the Center for Interdisciplinary Data Science, Babeș-Bolyai University)

  • Virgil Damian

    (Faculty of Finance, Insurance and Stock Exchanges, Bucharest University of Economic Studies)

  • Ioana Coita

    (Faculty of Economics, University of Oradea
    University of Sofia ‘St. Kliment Ohridski’,
    University of Economics in Bratislava)

Abstract

This chapter examines the landscape of fintechs across three countries, focusing on fintech solutions among businesses and is based on two individual Fintech Survey studies: (1) Türkiye and (2) Romania and Bulgaria, encompassing data from 99 fintech companies. By gathering data from Türkiye, Romania, and Bulgaria, the survey aims to uncover patterns, trends, and regional differences in fintech engagement. We investigate the prevalence of digital payment systems, the adoption of blockchain technology, and the influence of regulatory frameworks. Payments, digital payments, and digital lending are important primary services for the companies surveyed. Most fintech companies expect moderate, significant, or large growth in their workforce next year. The findings offer insights into how fintech innovations are reshaping the financial ecosystems in these countries, their financing sources, and highlight opportunities and challenges faced by stakeholders in the three countries. The results provide a comprehensive understanding of the fintech sector’s growth areas, informing policymakers, industry leaders, and investors about future directions, transparency enhancement, the potential of financial technology, and opportunities for partnership areas.

Suggested Citation

  • Belma Ozturkkal & Ceylan Onay Sahin & Canan Yıldırım & Vasile Alecsandru Strat & Deyan Radev & Georgi Penev & Daniel Traian Pele & Cătălina Chinie & Florin Grosu & Flavius Cosmin Darie & Codruța Ma, 2025. "Regional Fintech Report for Türkiye, Romania, and Bulgaria," Palgrave Studies in Financial Services Technology,, Palgrave Macmillan.
    • Handle: RePEc:pal:psincp:978-3-032-03523-3_8
    DOI: 10.1007/978-3-032-03523-3_8
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