Value of Bank Card Payments Climbs 17% in Q3

Banking

The value of payments in Hungary made with locally-issued bank cards climbed 17% year-on-year to HUF 3.736 trillion in the third quarter, data released by the National Bank of Hungary (MNB) on Friday show.

The value of cash withdrawals made with the bank cards edged down 2% to HUF 2.368 tln.

The bank cards were used to make HUF 669 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 151,600 at the end of September, up 7% from 12 months earlier. The number of online businesses with POS terminals rose 19% to 48,372.

The number of ATMs in the country inched up 1% to 4,860.

The value of transactions made using mobile bank cards jumped 50% to HUF 711 bln in Q3.

Bank transfers made using Hungary's instant payment system increased by 6% to HUF 12.417 tln.

ADVERTISEMENT

Industrial Producer Prices Down 6.8% in January 2024 Figures

Industrial Producer Prices Down 6.8% in January 2024

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Inventory Revaluation, FX Loss Put Masterplast in Red Construction

Inventory Revaluation, FX Loss Put Masterplast in Red

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.