Number of Mobile Wallet Transactions Skyrocketing
Image by Pixabay
The number and value of mobile wallet payment transactions connected to domestically issued bank cards are rising spectacularly, writes business daily Világgazdaság.
If the trend continues, the number of purchases made with the card may decrease drastically in a few years.
According to data from the National Bank of Hungary (MNB), the number of bank cards issued in Hungary and registered in mobile wallets exceeded 1.5 million during the second quarter, which is a 70% increase compared to the 895,000 a year earlier.
According to MNB statistics, the number of plastics registered in mobile wallets increased by 130,000, 9.3%, in the second quarter alone.
MOL and O&GD Discover New Oil Reserve Near Tura
Hungary Expects Progress From EU on Erasmus+ Matter
Airport Developments Exceed HUF 130 bln
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
