Value of Bank Card Payments Climbs 10% in Q4

Banking

The value of payments in Hungary made with locally-issued bank cards climbed 10% year-on-year to HUF 3.973 tln in the fourth quarter, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB) on Monday.

The value of cash withdrawals made with the bank cards fell 10% to HUF 2.251 tln.

The bank cards were used to make HUF 640 bln of purchases abroad, climbing 20% from the same period a year earlier.

The number of brick-and-mortar businesses with POS terminals in Hungary stood at 151,680 at the end of December, up 9% from 12 months earlier. The number of online businesses with POS terminals rose 21% to 50,718.

The number of ATMs in the country edged up 3% to 4,861.

The value of transactions made using mobile bank cards jumped 44% to HUF 785 bln in Q4.

Bank transfers made using Hungary's instant payment system increased by 20% to HUF 15.01 tln.

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