Visa Europe has increased above the market average in Hungary

Visa Europe closed a very good year in 2015 both in Hungary and in Europe. Since the beginning of 2014, when the interchange rules were introduced and the neutral competition situation was restored, the Visa increased in Hungary above the market average in every quarter – Kiss Ede, head of Visa Hungary told MTI on Wednesday.

According to the data published by the international card company on Wednesday, the POS terminal spendings per Visa card increased by about 21 percent compared to the previous year, the number of POS transactions increased by nearly 20 percent. The Visa card spending in Hungary have grown by 52 percent at online retailers in a year, generating more than 36 billion HUF spendings. The value of card spending last year rose by 22 percent after the previous year’s 20.2 percent growth, which exceeded the growth of the Hungarian market. (MTI)