MNB: the number of card purchases has increased fivefold in ten years

By: Trademagazin editor Date: 2022. 06. 08. 11:20

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The payment system has undergone tremendous development in the last ten years: for example, the number of POS terminals in operation tripled to 240,000 last year and the number of card purchases more than quintupled, Bartha Lajos, MNB’s Executive Director for Financial Infrastructures and Banking said, presenting the latest Payment System report for the tenth time at a press conference in Budapest on Wednesday.

Card purchases more than fivefold

He pointed out that the number of online acceptance points increased fifteenfold to 30,000 last year compared to 2012, and the number of cash withdrawals fell by a third over the same period.

The MNB acquired Giro Zrt., made regulatory decisions on intraday clearing and immediate payment, and coordinated a number of other projects, he listed their steps to improve electronic finance. (MTI)