The banks will foot the bill
The additional transaction tax from 1 October will certainly not help the situation
We asked banks how many employees, branches and ATMs they have
64 percent of local spending is now done by bank cards
Hungarians' financial situation deteriorates, but those who can save are saving
Society seems to be gradually getting rid of cash
Use of cash declines for three reasons
Growth of HUF cash holdings comes to a halt, recent c.bank data show
Currency stock up 8.3% y/y in December
Horrific figures revealed
Households still have too much cash, FinMin state secretary says.
90% make online purchases but distrust in electronic payment is high.
3 out of 10 find e-payments complicated or unsafe.
It's expensive, dirty, and outdated.
Cash use is extremely high even in international comparison.
Let's see why!
Will be in circulation as of 1 February 2019.
Thousands of billions are on the line.
State Treasury could save billions, though.