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Jul 09, 2020

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.

 

Gábor Gion, a state secretary at the finance ministry, said all shops in Hungary must offer cashless payments from January 1.

Speaking with Magyar Nemzet, Gion said 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.

The new rules lawmakers passed on Friday are aimed at curbing the black economy. Also, the costs of handling the “enormous amount of cash currently circulating in Hungary” will be reduced, he said, adding that there was a hygiene element in light of the virus situation.

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