Mobile bank users exceed 50% of cardholders

Fintech

Image by Pixabay

According to Mastercard's annual survey, the proportion of mobile bank users exceeded 50% among cardholders for the first time, writes origo.hu.

Although traditional administration has been hampered by the pandemic, data shows that the popularity of mobile banking has been growing for years. Two years ago, only 13% of those surveyed used such an app, a rate that by 2020 had reached 56%.

In terms of age group, young people (18-34 years old) are the most active, around 65%, but this figure is also close to 50% in the oldest age group studied (50-64 years old).

"A service provider who makes such innovative features available to his [or her] customers can easily gain a competitive advantage," said Endre Eölyüs, Mastercard's director for Hungary and Slovenia.

ADVERTISEMENT

Prices of resale homes in central Budapest fall Residential

Prices of resale homes in central Budapest fall

Vast majority of Hungarians worried about climate change Analysis

Vast majority of Hungarians worried about climate change

Survey data suggests nearly 60% of Hungarians sure to be vac... Issues

Survey data suggests nearly 60% of Hungarians sure to be vac...

Most seasoned travelers plan domestic vacations this year Tourism

Most seasoned travelers plan domestic vacations this year

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.