Value of Bank Card Purchases Rises 31% in Q1
The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the first quarter, while the value of cash withdrawals fell, data released by the National Bank of Hungary (MNB) on Thursday show.
The value of cash withdrawals edged down 2% to HUF 2.184 tln.
Bank cards issued in Hungary were also used to make cash payments of HUF 671 bln during the period, up 26%.
The bank cards were used to make HUF 550 bln of purchases abroad, climbing 37% from the same period a year earlier.
The number of brick-and-mortar businesses with POS terminals in Hungary stood at 145,662 at the end of March, practically level with the number twelve months earlier. The number of online businesses with POS terminals rose 18% to 44,321.
The number of ATMs in the country inched down 2% to 4,769 during the period.
The value of transactions made using mobile bank cards climbed 88% to HUF 549 bln.
Bank transfers made using Hungary's instant payment system increased by 17% to HUF 11.272 tln in Q1.
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