Template-Type: ReDIF-Article 1.0

Author-Name: Peter Antal
Author-Workplace-Name: University of Debrecen
Author-Email: 4ntal.p@gmail.com
Author-Person:

Author-Name: Cserne Panka Pota
Author-Workplace-Name: University of Debrecen
Author-Email: pota.cserne.panka@econ.unideb.hu
Author-Person:

Author-Name: Patricia Becsky-Nagy
Author-Workplace-Name: University of Debrecen
Author-Email: becsky.nagy.patricia@econ.unideb.hu
Author-Person:

Title: Payment Habits and Instant Payment Systems in the V4 Countries

Abstract: The study examines payment habits and instant payment systems in the Visegrad
Four (V4) countries using a comparative analysis of secondary data. The authors
identify the factors that influence household payment habits and the operational
parameters of the instant payment systems in the V4. Based on the information thus
identified, the similarities and differences between these countries and the reasons
behind such are explored. Both quantitative and qualitative data are examined for
the purposes of the summative evaluation, which concludes that the main reasons
for cash payments are the lack of electronic payment options in certain payment
situations, as well as the power of personal preferences and habits. Below a certain
limit, the transfer is automatically instant in Hungary and does not entail any extra
costs, while in the other three countries, instant transfer is optional and subject
to a surcharge. Financial institutions and regulators play a key role in shaping
household payment habits and enhancing instant payment systems.

Classification-JEL: E42, F30, G28, G40, O33
Keywords: payment habits, electronic payment, instant payment system, V4 countries
Pages: 99-116
Volume: 23
Issue: 3
Year: 2024
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-3-st4-antal-pota-becsky-nagy.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:3:p:99-116