Tag "MasterCard"
Mastercard to remove magnetic stripe from cards
Mastercard has announced that in most markets their debit and credit cards won’t have a magnetic stripe from 2024. By 2033 the magnetic stripe will be gone from all Mastercard...
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Young consumers: Digital and physical go hand in hand
In July Mastercard published the results of its Gen Z (18-24 years old consumers) survey that covered the countries of Central and Eastern Europe. This reveals that young consumers are...
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eMAG and Mastercard introduce cashback within 30 minutes
Mastercard and eMAG announced that eMAG was the first in Hungary to have a service called Quick Refund, which reduces the multi-day refund process to a maximum of 30 minutes....
Read moreOne in five Mastercard countries is approaching the pre-pandemic domestic flight number
The recovery in travel remains uneven globally, with domestic airline bookings already reaching 90 percent of pre-pandemic levels in one-fifth of countries surveyed, according to a recent study sent to...
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Consumers older than 50 years are also online shoppers now
E-commerce is booming and this won’t change after the pandemic either. A Payment Experience Report (www.fizetesielmeny.hu) commissioned by Mastercard has revealed that 6 from 100 Hungarians order online minimum once...
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Mobile banking proliferates
According to a Mastercard survey, the proportion of mobile banking users reached 56 percent for the first time among bank card owners in 2020. 65 percent of 18-34 year old...
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Magazine: When Mohammed must go the mountain…brand building at festivals
The street food business has expanded rapidly in the last few years and it keeps changing. Retailers, restaurants and cafés see greet potential in participating in gastro events, as what...
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(HU) Otthonfőzés – vígasz a bezártság idején
Sorry, this entry is only available in HU....
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Valentine’s Day spendings skyrocketed in the past ten years
The number of Valentine’s Day spending in Hungary has increased by more than 381 percent in the last decade – this is more than double the European average – origo...
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78 percent of Hungarian consumers are often unable to identify their purchases with a card
Mastercard’s new digital solution provides consumers with more transparent data and clearer information, making it easier to trace past purchases. We’ve all experienced that we can’t always identify every purchase...
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Hungarian bank card acceptance is among the fastest developing in Europe
According to the latest data from Mastercard, the number of card payment terminals increased by 20 percent in Hungary in 2020. Mastercard launched its Doppio infrastructure development programme in the...
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New digital solutions for e-commerce challenges
Fintech company ZEN has teamed up with Mastercard to launch financial solutions that make it possible for consumers, freelancers and entrepreneurs to manage their finances easily and to make contactless...
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A Hungarian specialist has became the head of Mastercard responsible for card acceptance
Hungarian specialist Gauder Milán has been appointed Mastercard’s head of global card acceptance, – origo quotes the international company’s announcement. The Hungarian specialist will be responsible for the payment technology...
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81 percent of Hungarians are shopping more thoughtfully this Christmas
According to a recent study by Mastercard, shoppers across Europe are spending more time and energy choosing the right Christmas gifts than in previous years. Three-quarters of Europeans (77 percent)...
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TransferGo and Mastercard money transfer services have also become available in Hungary
TransferGo and Mastercard today announced a partnership that will allow customers in 20 European countries to send money in real time from any card or bank account directly to a...
Read moreWithout a terminal, Hungarian merchants can also accept card payments by smartphone
Hungarian merchants can also use their smartphones to accept cards when paying, so they can comply with the regulation, which will come into force within a month and a half,...
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Mastercard: Google Pay has also been launched in Hungary
The Google Pay mobile payment service, which has now been launched in Hungary in cooperation with Mastercard card issuer partners – the global payment technology company told MTI on Tuesday....
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Mobile payment set new records in Hungary
Mobile payments in Hungary set new records. The number of mobile wallet transactions almost tripled between September 2019 and September 2020, according to Mastercard. According to a statement sent to...
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Hungarian retailers can now offer card payment service without a terminal
Mastercard and Pay Point have announced that from now on Hungarian retailers can also use their Android smartphones for accepting card payment, complying with the new regulation that enters into...
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Google Pay starts at three service providers in Hungary
On 17 November Mastercard announced that it is starting the Google Pay service in Hungary, in partnership with payment service providers Revolut, Curve and Monese. Google Pay offers fast, secure...
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Euronews is launching a local program in Hungary for the first time in the world
Europe’s most-watched news channel, in partnership with Mastercard, puts financial awareness at the forefront with the weekly Business and Lifestyle magazine Business Class. The business talk show, which will be...
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Nearly three-quarters of Hungarians have been shopping in their local community since the spring quarantine period
According to a new study by Mastercard, every fourth (74%) customer in Europe is more likely to buy in their local community than a year ago. This ratio is 72%...
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Mastercard’s instant payment service is ready to take off
At the end of August Mastercard announced the Hungarian launch of its Pay by Account service. As of 1 January 2021 a law that has been passed recently makes it...
Read moreExperience, but a frustrating one
For 58 percent of the nearly 3.5 million online shoppers shopping in the digital space is a frustrating experience – reveals the Mastercard-commissioned Payment Experience Report. The report points out...
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Magazine: Digital revolution in employee benefits
Edenred has launched new, modern Mastercard-based card products. The company is an important player in the worker benefits market and Mastercard is their main strategic partner. Thanks to this Edenred...
Read moreHungarian e-commerce is at its peak, yet we are a country of abandoned baskets
The coronavirus has really exploded web commerce in Hungary as well, more than half (58%) of the nearly 3.5 million online shoppers are still frustrated by shopping in the digital...
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Mastercard has launched the world’s largest digital Mexican wave
Through social media, Mastercard has launched a digital Mexican wave called Priceless Wave, joined by football fans, athletes and other celebrities, which has reached 1 billion viewers. The #PricelessWave challenge,...
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Mastercard welcomes the government’s decision to support electronic payments
Mastercard welcomes the government’s decision to require all merchants to use online cash registers to provide electronic payment to their customers from January 2021. The provision could pave the way...
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Mastercard survey shows global surge in digital payments
Mastercard Inc. released a study showing consumers worldwide are using contactless and other digital payments at record levels and moving away from cash due to concerns about COVID-19. The Mastercard...
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From now on, Amazon users can also pay with Mastercard’s innovative payment technology
Thanks to Mastercard’s MDES (Mastercard Digital Enablement Service) technology, card information needs to be updated manually less and less, making shopping more convenient and payment processes simpler. Tokenization has so...
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