MNB: Turnover of electronic payment instruments increases 16% in 2014

Crops

In 2014 there were 359 million payment transactions made with electronic cards issued in Hungary, 16% more than in 2013, said the National Bank of Hungary (MNB) in its Payment Systems Report 2015 on Tuesday.

The number of cash transfers increased to almost 300 mln last year. Group collection transactions were up 2.4% from 29.6 mln to 30.3 mln, however, cash withdrawals at ATMs were down almost 8% from 115.4 mln to 105 mln.

Natural persons had 9.41 mln financial accounts at the end of 2014 compared to 9.69 mln at the end of 2013.

The number of electronic cards was little changed overall according to the MNB. Debit card numbers decreased from 7.59 mln to 7.46 mln but credit card numbers were up from 1.37 mln at 1.39 mln.

The number of contactless payment cards jumped to 3.68 mln from 1.76 mln.

Of the adult population 76% had some form of a bank account and 72% at least one electronic card.

The number of places accepting electronic cards grew by less than 1% to 74,600 and the number of devices accepting cards by 3% to 93,000. ATM numbers increased marginally to 4,880.

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