BISERA6 is payment system that services customer transfers for amounts up to BGN 999 999 999,99.
The system accepts for execution orders for transfer on bulk, instant and budget payments in BGN, based on SEPA schemes of the European Payments Council, using the following payment instruments: credit transfer and direct debit (based on Request-To-Pay).
The system accepts payment orders 24 hours a day, 7 days a week.
Sincе April 2021 the system is open for processing of instant payments in BGN in real time, on all calendar days of the year, in accordance with the "Program for immediate payments by account" Blink of the National Card and Payment Scheme. (Payment service providers, certified under blink program: here)
Bulk and budget payments in BGN are made in the system only on the working days of BISERA6, according to the schedule of the system.
The settlement of the transfer orders for bulk, instant and budget payments is performed by BORICA AD according to a prepaid model, in the presence of available cash on the settlement accounts of the banks participating in the system.
BISERA6 executes prepaid settlement of finalized interbank budget requests for payments, initiated through the System for Electronic Budget Payments (SEBRA), owned by the Ministry of Finance.
Participants in the system may be:
- the Bulgarian National Bank (BNB)
- central banks of EU Member States
- banks licensed by the BNB to carry out banking activities
- third-country bank branches licensed by the BNB pursuant to art. 17 of the Law on Credit Institutions
- bank branches from an EU member state carrying out activities in the Republic of Bulgaria pursuant to articles 20 and 21 of the Law on Credit Institutions.
The conditions of access and inclusion in the payment system to participants and PSPs with rights of access are regulated in the document Rules of payment system BISERA6.
