Whitepaper: Changing lanes in Hungary - From batch to instant payments

31 Oct 2017
Company
Date submitted
31 Oct 2017
Resource type
White paper
File type
pdf PDF file (804.9K)
From July 2019, customers of Hungarian banks will be able to make instant credit transfers of up to HUF 10 million and the beneficiaries would be able to use these funds within 5 seconds from the transfer. The use of ‘secondary payment identifiers’ and ‘request for payment’ will also add to the ease and adoption of instant payments by consumers.
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