Fintech services

InfoPay is an open banking platform providing informational service to individulas and legal entities, based on the PSD2 Directive of the EU and the Bulgarian Law on Payment Services and Payment Systems. The service provides automated access both to private and business customers with bank accounts in several banks.

Via a special web platform consumers get quick and easy remote access to their financial profile. Customers registered in the platform, at each moment through one single point, can obtain consolidated information about their bank accounts in multiple banks and to initiate bank transfers from them. 

To use the service, it is necessary that:

• Customer accounts be accessible online
• The customer register Consent for access to their accounts by the InfoPay platform. Consent for access to accounts is approved through the customer’s online banking profile in the respective bank

The platform provides:

• Consolidated information for payment accounts such as:
   - balances
   - movements
   - transaction details
   - reports
• Oppottunity to initiate bank transfers

For individulas the service is completely free of charge. 
The registration is online at www.infopay.bg, using Qualified Electronic Signature or Cloud Electronic Signature, issued by BORICA AD or through remote video identification provided by BORICA AD.

Among the benefits of InfoPay platform for business customers are:

• Optimized financial management
  Using a single platform allows for easy and convenient tracking of company finances. Consumers receive information about all their accounts registered in several banks, instead of receiving such information from every single bank
• Reduced time for preparing of report
• More efficient working processes
• Reducing the routine activities in the everyday work of the employees, thus providing them with more opportunities to focus on more significant tasks.
• 24/7 funds control
  With the InfoPay platform, consumers can always obtain prompt information about balances and movements for all their registered accounts at any time, from any point
• Role-based access and individual rights
  The platform allows providing different controlled accesses to accounts for company employees according to their direct obligations.

Business customers may register on the platform in two ways:

• Online at www.infopay.bg, using Qualified Electronic Signature or Cloud Electronic Signature, issued by BORICA AD or through remote video identification provided by BORICA AD.
• At a BORICA Branch by the legal representative of the legal entity which is a customer of InfoPay.
  If the registration is performed by a legal representative of the company, it can be made eighter at a BORICA Branch or online at www.infopay.bg

If the registration is performed by an authorized representatives or the company is representing by two representatives, the registration can be made only at a BORICA Branch.

At  present BORICA AD has been integrated with 14 banks and the list continues to expand.

Documents

• General terms and conditions of provision of the InfoPay service

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• List of banks, integrated with InfoPay

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• Archive: General terms and conditions of provision of the InfoPay service, July 2022

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• Archive: General terms and conditions of provision of the InfoPay service, April 2022

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• Archive: General terms and conditions of provision of the InfoPay service, July 2021

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