In Hungary, the overwhelming majority of credit transfers have been executed in the course of the day since July 2012. In the past half year, the new system operated reliably, without any trouble. The central clearing of transactions is typically performed within 10 minutes, and almost all...

Payment service providers passed the transaction tax on to their clients in several steps and to a significant degree, both in the spring, upon introduction of the tax, and in the autumn, when the rates of tax were raised. For cash withdrawals and bank transfers, the tax was typically passed on...