Recent years have seen important changes in the payments landscape. Cash usage has been declining in many countries for some time, and this trend has accelerated during the pandemic.
The supply of banknotes and coins to the economy is currently continued without any disruption. Everything goes as usual, with no tensions of the kind we were subject to in March and April. We can therefore begin to work on a...
Technology companies such as Alibaba, Amazon, Facebook, Google (or more precisely its mother company, Alphabet) and Tencent started providing financial services. That generates potential economies of scale.
Over the past five years, Ukraine has undergone a genuine revolution in the electronic payments market – the number of such payments has increased several-fold. At the same time, there has been an increase in the number of...
Hungarians traditionally prefer paying with cash thus there is significant room for catching-up to the EU average with electronic payments.