Spending By Bank Cards Up 27%

  • 17 Mar 2016 11:00 AM
Spending By Bank Cards Up 27%
Transactions by bank cards rose 12% to 112 million in the fourth quarter of 2015, reaching Ft 841 billion in value, a 27% annual increase, according to figures from the MNB. Contactless cards accounted for 38% of all transactions, a rise of 240% from the previous year, and for 24% of all spending, an increase of 280%.

At the end of 2015 the number of bank cards stood at 9.1 million, up by 57,000 from the end of September.

Banks registered 6,000 instances of bank card fraud in the third quarter, with losses amounting to Ft 244 million.

Source: Hungary Around the Clock

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