Time is Money: A Survey of the Social Cost of Payment Instruments

The number of payment transactions in Hungary has increased by almost one and a half times over ten years. use electronic instruments grown dynamically, while only moderate increase cash was observed. analysis shows the evolution payments market quantifies social costs attached to instruments. value latter HUF 832 billion 2019, representing real growth 20 per cent 10 years, mainly due developing acquiring infrastructure significant transactions. cost transaction fallen for cash, cards sixth credit transfers, reflecting improved efficiency. As is now available most retail situations, expected decrease further coming years as volume increases.