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According to findings by U.K. consumer research and personal finance site NimbleFins, PayPal Mobile Cash is the most popular money transfer app in Hungary based on Apple App Store downloads, just as in 21 other European countries.
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As a number of firms try to incorporate phone-based payments into their operations, Hungaryʼs VCC Live Pay is offering immediate over-the-phone payment solutions for debt collection agencies all over the continent, says a press release on the companyʼs website.
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OTP has terminated the use of yellow cheques for cash transfer orders at its branches as of April 1, Hungary’s largest bank announced yesterday.
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Hungary’s budget deficit, calculated according to the European Union’s accrual-based accounting rules, came to 2.2% of GDP last year, the Central Statistical Office (KSH) said.
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As the National Bank marginally increases one of its interest rates, commentators remark that its consistent policy of fuelling economic growth has been modified, but without being abandoned altogether.
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The opposition Democratic Coalition is calling for the European Union to introduce a tax on multinational companies.
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