A New Vision for Electronic Payments in Hungary - the Payments 2030 Strategy

Vivien Deak () and Kristof Takacs ()
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Vivien Deak: Magyar Nemzeti Bank
Kristof Takacs: Magyar Nemzeti Bank

Financial and Economic Review, 2023, vol. 22, issue 3, 152-165

Abstract: In this feature article, key elements in the development of payments in Hungary are presented and the challenges ahead are highlighted in light of the changes observed over the past 10 years. The recently published new electronic payments strategy of the Magyar Nemzeti Bank and the 18 indicators in the Payments Development Indicator Set, which is based on a wide range of data at the MNB's disposal to monitor the achievement of the targets, are presented. The MNB's main strategic goal for payments by 2030 is to achieve a 60 per cent ratio of electronic transactions in the overall economy, or, with targeted measures, even two thirds.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mnb:finrev:v:22:y:2023:i:3:p:152-165

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