Verification of Payee in Bulgaria
How Bulgarian banks, PSPs and businesses approach Verification of Payee — the IBAN name check known locally as проверка на получателя — as the newest euro-area member following its 2026 euro adoption.
What Verification of Payee means for the Bulgarian market
Bulgaria adopted the euro on 1 January 2026, making it the newest member of the euro area. That milestone brings its payment service providers fully into the SEPA payment framework, including Verification of Payee.
As a euro-area country, Bulgarian PSPs come into scope of the Verification of Payee obligation under the Instant Payments Regulation, aligning with the wider euro-area requirement rather than the 2027 non-euro extension.
Verification of Payee confirms that the name a payer enters matches the IBAN before a transfer is sent, returning a clear result in real time — a strong defence against misdirected payments and authorised push payment fraud.
Verification of Payee in Bulgaria at a glance
The essentials for the Bulgarian market.
Newest euro member
Bulgaria adopted the euro on 1 January 2026, entering the SEPA framework in full.
In scope for VoP
As a euro-area country, Bulgarian PSPs come into the Verification of Payee obligation.
Fraud focus
VoP targets misdirected payments and APP fraud that rise with instant payments.
Key Verification of Payee dates
How the obligation applies as Bulgaria joins the euro area.
- 9 Oct 2025
Euro-area VoP live
Euro-area PSPs must offer Verification of Payee and send instant payments.
- 1 Jan 2026
Bulgaria adopts the euro
Bulgaria becomes the newest euro-area member, entering the SEPA framework fully.
- 9 Jul 2027
Non-euro extension
Remaining non-euro EU PSPs join the obligation, widening coverage further.
Value across the Bulgarian payment chain
The same check, value for every party.
Banks & PSPs
Meet the regulation and join the SEPA VoP scheme through one integration.
Businesses
Verify supplier and payroll IBANs before paying, cutting invoice-redirection fraud.
Payers
A clear confirmation before money leaves — reassurance on every transfer.
Verification of Payee in Bulgaria
Common questions for the Bulgarian market.
Yes. Following euro adoption on 1 January 2026, Bulgaria is a euro-area country, so its PSPs come into scope of the Verification of Payee obligation under the Instant Payments Regulation.
It is often described as проверка на получателя — verification of the recipient — and works the same way as elsewhere in SEPA.
Yes. Joining the euro on 1 January 2026 brought Bulgarian PSPs fully into the SEPA framework, aligning them with euro-area VoP requirements rather than the 2027 non-euro extension.
By connecting to the SEPA VoP scheme through a provider like RoxPay, a Bulgarian PSP can go live with a single integration instead of building scheme adherence alone.
Add Verification of Payee in Bulgaria
Talk to RoxPay about going live with VoP for the Bulgarian market through one integration.