Raising the limit would boost the number of contactless card transactions that do not require entering a PIN to 670 million or close to 90% of the total, the MNB said.
Supporting the more intensive use of electronic payment solutions further reduces physical contact between people, contributing to the containment of the coronavirus.
In a video posted on his Facebook page on Saturday, Finance Minister Mihály Varga said using bank cards, mobile phones or smartwatches to pay for purchases, instead of cash, can be an important step in the fight against the coronavirus.
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