Corporate bank cards increase in number

The market for business bank cards in Hungary has grown steadily over the last two years, according to statistical figures published by the National Bank of Hungary. It is while the total market has virtually stagnated according to the number of units.

The report by National Bank of Hungary says there is room for further growth as there are still hundreds of thousands of companies and other organizations that do not use a card to manage their finances.

Numbers suggest that while at the end of 2014 there were 484,000 bank cards used by businesses and other organizations in the country, this figure rose to 544,100 by the end of the first quarter of 2017.