Card use increases amid falling spending
While the statistics of the National Bank of Hungary (MNB) for the first quarter of this year show a dynamic annual growth in bank card purchases of 8.6% in transactions and 16.8% in value, the hibernation of retail trade in card purchases during the emergency is also reflected, says leading pro-government economic daily Világgazdaság.
At OTP Bank, debit cards saw a slight decline in turnover and transaction numbers compared to the same period last year, and CIB indicated that, after a 5% increase in the number of transactions and a 15% increase in value in March, the number of purchases fell by 23% and the total value by 13% in April.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
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.
