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Use of Mobile Payment Solutions Continues to Rise

Mar 16, 2023

The number of retail payment accounts continued to grow, and the number of actively used payment cards and payment cards registered in mobile wallet applications is also increasing as a result of digitalization, according to a report by the National Bank of Hungary. The number and value of purchase transactions conducted with cards registered in […]

Share of Unpaid Invoices in Hungary Doubles

Jan 11, 2023

5% of inter-company invoices in Hungary remained unpaid last year, while 2.3% of invoices had to be written off in 2021, according to an analysis of payment habits by credit insurer Atradius. According to the survey of 200 Hungarian companies, 40% of firms found that their customers paid later than a year earlier, compared with […]

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