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Hungary 5th fastest-growing for electronic payments

Fintech

Photo by feeling lucky / Shutterstock.com

According to a survey by the European Central Bank, Hungary was the fifth fastest-growing country in the EU in terms of electronic payments in 2019, writes leading business daily Világgazdaság.

According to the report, excluding payments between financial institutions, 1.476 billion payment transactions took place in Hungary in 2019, which corresponds to 151.1 transactions per capita per year.

Hungary is slowly approaching the EU average but is still the country with the most modest data among its Visegrád Four peers (the Czech Republic, Poland, and Slovakia).

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