Gov’t allocates HUF 2.4 bln in subsidies for bank card terminals
Hungary’s government has allocated HUF 2.4 billion in support for “several tens of thousands” of point-of-sale bankcard terminals for small businesses, state secretary for financial affairs Ágnes Hornung told Hungarian news agency MTI yesterday.
The subsidies will go mainly to businesses that don’t yet offer customers the chance to pay by card, Hornung said.
A government decree published on Tuesday offers businesses an HUF 80,000 subsidy for every POS bank card terminal they buy. The subsidies will be awarded for the purchase of as many as 10,000 bankcard terminals, according to the decree.
Boosting the number of bankcard transactions, rather than cash, fits with government measures to crack down on tax evasion.
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.