ADVERTISEMENT

100% units of state-owned firms could be selected to operate natl mobile payment system for public services

In Hungary

In addition to 100% state-owned organisations themselves, the 100% units of such state-owned institutions could also be designated to operate the future state-run unified mobile payment system for public transport and other public services under a proposed amendment.

The option to select a 100% unit of a state-owned parent organisation as the national mobile payment institution will help making the most cost-efficient, optimum choice, the justification of the proposed amendment, submitted by the parliamentary audit and budget committee to Parliament, said.

As in the present law, the government will designate the operator.

Under legislation approved last December, the mobile-payment sale of some specified public services to costumers will be performed exclusively, and in a nation-wide unified system, by a fully state-owned organisation to be designated by the government. Part of the law, including that affected by the proposed amendment, is cardinal law that requires a two-thirds majority to amend.

Regarding the payment of parking fees and road tolls, the law will take effect on October 1, 2012. It will take effect on January 1, 2013 with respect to the mobile sale of public passenger transport services provided by state- or municipality-owned entities.

National Development Minister Zsuzsanna Németh appointed Pál Szőke as ministerial commissioner to coordinate the introduction of a national mobile payment system and the creation of a Hungarian electronic ticket platform for six months in the middle of June.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.