Value of bank card purchases rises one-third in Q1

Banking

The value of purchases in Hungary made with locally-issued bank cards climbed 33% year-on-year to HUF 2.606 tln in the first quarter, outpacing the increase in cash withdrawals from ATMs, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB).

The value of cash withdrawals increased 18% to HUF 2.209 tln during the period.

The number of POS terminals in Hungary stood at 235,684 at the end of March, up 11% from 12 months earlier.

The data show the value of transactions made using Hungary's instant payment system, rolled out in the spring of 2020, reached HUF 9.752 tln in Q1, up 31% from the same period a year earlier.

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