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Analysis of Retailer and Corporate Payment Habits in Hungary

Author

Listed:
  • Vivien Deak

    (Magyar Nemzeti Bank)

  • Laszlo Kajdi

    (Magyar Nemzeti Bank)

  • Istvan Nemecsko

    (Magyar Nemzeti Bank)

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.

Suggested Citation

  • Vivien Deak & Laszlo Kajdi & Istvan Nemecsko, 2021. "Analysis of Retailer and Corporate Payment Habits in Hungary," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 20(2), pages 33-59.
    • Handle: RePEc:mnb:finrev:v:20:y:2021:i:2:p:33-59
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    References listed on IDEAS

    as
    1. Tamás Ilyés & Lóránt Varga, 2018. "Acceptance of Payment Cards by Retailers in Hungary Based on Data of Online Cash Registers," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(1), pages 83-109.
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    More about this item

    Keywords

    payments; card acquiring; SME; retailers;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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