Dynamic growth expected in the Hungarian factoring market after a slight downturn

By: Trademagazin Date: 2021. 06. 16. 10:31

According to the first quarter 2021 statistics of the Hungarian Factoring Association, factored turnover increased by only 1%. However, based on the experience of Péntech, interest in digital factoring services has already increased significantly after the economy has resumed.

Although the pandemic has led to a more subdued growth rate in the Hungarian factoring market than in recent years, the restart of the economy will certainly have a positive impact on this segment as well.