Tag "FinTech Group"

Magazine: Instant payment to make a breakthrough

At the end of July Sándor Nagy, the president of Ecommerce Hungary told at a webinar organised by Fintech Group that in one year 20 percent of online shops will...

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Instant payment to be launched in Hungary next spring

The Central Bank of Hungary (MNB) has recently postponed the introduction of the instant payment system in Hungary – the new date is now 2 March 2020. By using the...

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Strong customer authentication has arrived

On 14 September, as part of the Payment Services Directive 2 (PSD2) entering into force, strong customer authentication (SCA) will be introduced in Hungary. This will entail changes in e-commerce,...

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Online shops are likely to speed up instant payment

Experts estimate that there are approximately 10,000-14,000 online shops in Hungary, which realised more than HUF 500-billion sales in 2018. Half of online purchases are still paid for in cash,...

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GKI: the Hungarians are not familiar with mobile payment apps

The Hungarians are not familiar with mobile payment applications. The spinning up of the market is expected from payment options integrated into community marketplaces such as Uber and from the...

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