K&H introduces the Google Pay smartphone payment solution in Hungary

By: Trademagazin editor Date: 2021. 04. 07. 11:19

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K&H will be the first in Hungary to introduce a Google Pay smartphone payment solution among Hungarian financial institutions, which could give a new impetus to credit card payments, especially smartphone payments – K&H said at an online press conference on Wednesday.

Németh Balázs, Head of Innovation at K&H, said at the press conference: the number of contactless wallet users at the financial institution has doubled in one year, and the number of contactless mobile payments has increased fivefold.

The number of the bank’s digitally active customers is gradually growing to 570,000 today, the bank’s chief innovation officer said, adding that he expects a further significant increase in the number of smartphone card payments with the introduction of Google Pay. (MTI)