Bank card purchases rise 22% in Q1
The number of domestic purchases made by Hungarians with bank cards in the first quarter rose 22% year-on-year, reaching almost 108 million, data released by the National Bank of Hungary (MNB) yesterday show, according to Hungarian news agency MTI.
The value of the purchases climbed 31%, reaching HUF 757 billion.
During the same period, the number of cash withdrawals made by Hungarians edged down 2% to 24 million. The withdrawals amounted to HUF 1.535 trillion in cash, unchanged from the same period a year earlier.
Hungarians used their bank cards to make purchases abroad eight million times in Q1, up 33% from the same period a year earlier.
The number of points of sale accepting bank cards at brick-and-mortar businesses rose 8% to 83,500 during the period.
The number of ATMs edged up 1% to 4,840.
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.