K&H bank card transactions growing
Retail bank card transactions through K&H Bank rose 33% in the first five months of 2017 compared to the equivalent period of last year, according to a press release from the bank. New electronic solutions and applications will further help the spread of electronic payments, the bank added.
During the first five months of this year, K&H Bank customers completed 21.7 million bank card transactions, which represents a 33% growth on a year-on-year basis, said the bank in a press release cited by online business news portal vg.hu.
Turnover grew by 34% to HUF 150 billion compared to the first five months of 2016, and by 84% compared to January-May 2015.
The average spending with a bank card purchase was HUF 6,931, slightly more than last year and 5% more than in the same period of 2015, according to K&H Bank.
Responding to the growing popularity of cash-free payments in Hungary as a whole, K&H Bank is spending a total of HUF 6 bln on developing digital solutions up to 2017.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.