News in Brief
All shops in Hungary must offer cashless payments from January 1
The estimated 60,000 cash-only shops with an online cash register will have to accept bank cards, payments via mobile phones or money transfers.
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News in Brief
Electronic payments gain in popularity as Hungarians move away from using cash
Electronic payments are gaining in popularity as Hungarians move away from using cash in favor of contactless card transactions
News in Brief
State secretary for finance: Hungary could save hundreds of billions by converting to cashless payments
The government’s financial awareness strategy aims to reduce the annual 450 billion HUF cost which cash payments impose on the economy