Two thirds of Hungarians would pay with smartphone instead of bank card
At the end of May Mastercard published the results of a survey, which reveal that two thirds of Hungarians would prefer smartphone payment instead of bank cards. One quarter of respondents would use their smart watch for payment purposes, too. It is Mastercard technology that is running behind all mobile wallet solutions used in Hungary. This technology substitutes the actual bank card with a digital one, a so-called token, which is featured in the customer’s phone to guarantee that paying with it can only be initiated by using the given smart-
phone. //
Related news
This year’s payments market trends according to Mastercard: AI, digitalisation, mobile wallets and tokenisation
According to Mastercard’s experts, the following 10 factors will determine…
Read more >Growing security awareness in online shopping
According to the latest survey by Pepita.hu, Hungarian online shoppers…
Read more >German shoppers open to biometric payments
According to a recent Mastercard survey 43% of German consumers…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >