We buy more with less credit cards

The number of credit cards issued in Hungary declined by almost nine percent last year, due to the difficult macroeconomic environment and the public indebtedness. However, the purchase turnover has been steadily increasing for years.

The number of credit cards issued in Hungary declined further: according to the statistics of the Magyar Nemzeti Bank (MNB), 1229 plastics were in circulation in December 2011, which is 8.9 percent – nearly 140 thousand pieces – less than a year ago.

(Világgazdaság Online, Barát Mihály)