K&H: sharp increase in traffic for smart device payments, but this is only the beginning

There is still room for growth

At the financial institution, the four payment solutions, the “digital quartet” – Apple Pay, Google Pay, Garmin Pay, Xiaomi Pay – exceeded 3 million transactions in August. In the first eight months of the year, total turnover increased by 212 percent year-on-year, with HUF 6,547 spent on each smart device payment, which is a 2.9 percent year-on-year increase.

“Smart device payments dictate an increased pace at K&H, although there is still plenty of room for growth”

– announced András Árva, K&H’s marketing manager responsible for the residential segment.

K&H