The Sziget Kft. founded a cashless payment service company with Cardnet

The Sziget Kft. the dominant player of the Hungarian festival market, the Cardnet Zrt. provider of independent electronic banking solutions and the Festipay Zrt., provider of cashless payment solutions established a joint company, which intends to fill a crucial role in the international market in the future.

According to the founders’ communication released on Wednesday more than 90 percent of the most visited Hungarian festivals was cash-free last year. At the Sziget Festival in 2015, the Festipay cards and MasterCard contactless bank cards were used for more than 2.4 million times. (MTI)