FinMin: Board adopts measures to make payments easier

Hungary's authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister said on Tuesday. Wherever there is an electronic cash register, electronic payments will be available, a measure that expands e-payments by 50,000-60,000 points while reducing cash usage by tens of billions of forints, Mihaly Varga said after attending a meeting of the operative body in charge of coronavirus-related measures. Noting that the new arrangements build on proposals made by the Hungarian Banking Association and the ministry, he said buildout of e-banking services will also serve to simplify financial management for businesses and the general public. Also, the land office will handle real-estate transactions electronically, streamlining 130,000 cases a year.