Analysis of Retailer and Corporate Payment Habits in Hungary

Vivien Deak (), Laszlo Kajdi () and Istvan Nemecsko ()
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Vivien Deak: Magyar Nemzeti Bank
Laszlo Kajdi: Magyar Nemzeti Bank
Istvan Nemecsko: Magyar Nemzeti Bank

Financial and Economic Review, 2021, vol. 20, issue 2, 33-59

Abstract: The study looks at the payment habits of retailers and companies in Hungary, especially the acceptance and share of electronic payments in 2019. In doing so, data from two questionnaire-based surveys and the online cash register database are analysed using statistical methods, decision trees and regressions. The results show that retailer payments are typically cash intensive, while credit transfer transactions dominate at companies. The factors with the largest impact on card acquiring and the share of cash at points of sale is sales revenue and the value of the purchase in the case of retailers, and the proportion of cash wage payments in the case of companies. Costs also play an important role in card acquiring, therefore instant payment, which provides cheaper electronic payment solutions, could be crucial when it comes to smaller retailers and companies offering electronic payments. Public policy measures could mainly target retailers and the micro and small enterprise segment.

Keywords: payments; card acquiring; SME; retailers (search for similar items in EconPapers)
JEL-codes: D12 G20 R11 (search for similar items in EconPapers)
Date: 2021
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