Proposals for European Measures to Support Digital Finance in the Post-COVID-19 Context

As part of the European Digital Finance Association, the Bulgarian Fintech Association took part in expressing the European Fintech community opinion on post-COVID-19 reality, sending a formal letter to the EU Commission and the DG FISMA. The letter is focused on proposing concrete European measures to support digital finance in the post-COVID-19 context. We sent the proposal to the EU Commission and DG FISMA, co-signing it together with FinTech Belgium, Czech Fintech Association, Electronic Payment Service Providers Association (EFISZ), Hungary, Fintech and Payments Association of Ireland, Holland FinTech, France FinTech, ItaliaFintech, FinTech Poland, FinTech and InsurTech Portugal, Romanian Fintech Association, Slovak Fintech Association, and Spanish Fintech and Insurtech Association


“The restrictions imposed in reaction to the COVID-19 pandemic are laying bare how low the actual level of digitization of economies and public administrations is despite all the available technologies… The main obstacle lies in obsolete legislation. It should, therefore, be changed in order to enhance the availability of digital financial solutions and to empower a more secure and reliable digital world…” is shared in the letter. If you want to read the full text, you can do so here.