Food purchases boost voucher card spending

Figures

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Hungarians' spending with SZÉP voucher cards has been lifted by a government decision to temporarily loosen restrictions and allow purchases of food in stores, card issuers told state news wire MTI on Friday

OTP Bank, Hungary's biggest commercial lender, said spending with SZÉP cards it issues rose 73% year-on-year to HUF 35 billion in April.

K&H Bank said spending with its SZÉP cards climbed 63% in April. Spending on purchases of food in stores accounted for 29% of the total. Excluding food purchases, SZÉP card spending still increased 16%, it added.

K&H SZÉP cards are accepted at over 39,000 businesses around the country.

MKB Bank told MTI spending with its SZÉP cards increased "over 60%" in April. Close to one-quarter of SZÉP card spending has been on food in stores since the government loosened the restrictions at the start of February, it added.

Around 11,000 businesses accept MKB SZÉP cards.

The looser restrictions are set to expire on July 1, 2022.

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