Bulgarian lender Fibank sets up e-money unit

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Bulgarian lender First Investment Bank (Fibank) said that it has set up a new unit – MyFin, with its establishment entered into the commercial register on March 25.

The bank did not provide further details in its statement, published on Thursday.

Earlier this month, the Bulgarian National Bank (BNB) granted a license to operate as an issuer of electronic money to MyFin, which was still in the process of being established.

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