It was founded in 1990 by Bulgarian businessman Mitko Dimitrov.

It is often referred as the largest in size record label in terms of roster within the country[1][2][3] with over 100 artists currently signed.

[4] Originally Payner started with the production of audio and videotapes for the Bulgarian market and for exportations abroad.

Production facilities and the head office of Payner LTD are situated in Dimitrovgrad.

[citation needed] This article about a European record label is a stub.