Magyar Posta changes postal check policy
Hungarian state-owned postal company Magyar Posta now qualifies a check payment made via bank card as a purchase rather than a cash withdrawal, CEO Szarka Szolt said on Friday. The measure will spare customers the associated bank withdrawal fees.
According to state secretary for postal affairs Zsuzsa Németh, the new system could save customers an annual HUF 1.5 bln . The investment necessary to make the changes cost Magyar Posta net HUF 1 bln, Szarka said.
Last year, Magyar Posta customers used almost 220 mln postal checks for some HUF 2.200 trillion in bills and other payments. About 85% of the adult Hungarian population uses postal checks to make such payments.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
