Instant transfer from 2019

Instant transfer is planned to be launched from 1 July 2019 in Hungary. The complex cash flow development can fundamentally change our everyday lives. The new system will be able to replace cash in many situations in the future, or even a bankcard – penzcentrum.hu wrote.

Although it seems futuristic today, it will soon become a basic requirement to make instant transfers in our country. Bank transfers are currently underway within 1 to 1.5 hours, but the introduction of an immediate transfer will mean a major dimensional change – Bartha Lajos, Director of Financial Infrastructure began his lecture at the Portfolio Financial IT Conference. Although this technology can be found abroad, in most cases the banks may join voluntarily. However, there will be no choice in Hungary, every financial institution will have to provide this service within 2 years.

The system can start on July 1, 2019. (Penzcentrum.hu),