Template-Type: ReDIF-Article 1.0

Author-Name: Vivien Deak
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: deakv@mnb.hu

Author-Name: Laszlo Kajdi
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kajdil@mnb.hu

Author-Name: Istvan Nemecsko
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: nemecskoi@mnb.hu


Title: Analysis of Retailer and Corporate Payment Habits in Hungary

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.

Classification-JEL: G20, D12, R11
Keywords: payments, card acquiring, SME, retailers
Pages: 33-59
Volume: 20
Issue: 2
Year: 2021
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-20-2-st2-deak-kajdi-nemecsko.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:20:y:2021:i:2:p:33-59