Purchases with bankcards on the rise in Hungary
shutterstock
The number of purchases made in Hungary with locally issued bank cards rose 24% to 122 million in the second quarter from the same period a year earlier, Hungarian news agency MTI reported yesterday.
The value of the purchases was up 26% at HUF 849.6 billion.
For the first time, the number of transactions made with contactless cards exceeded those of conventional cards.
The number of cash withdrawals made in Hungary using locally issued cards edged down 1% to 27 million. The value of the withdrawals rose 1% to HUF 1,726 bln.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2%Â of GDP
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.
