As a major electronic alternative to cash, central banks and state administrations often support the development of card payments with regulatory and public policy steps. Hungary was extremely active in this field by executing POS-terminal installation programmes or setting limits to interchange fees a year before the European regulation. Within this study we investigate, how these measures contributed to the recent evolution of Hungary’s payment card market. Using the comprehensive dataset of the Central Bank of Hungary, we provide empirical evidence using time-series analysis methods, that both policy steps had a significant positive effect on the domestic card payments scene.

作为现金的主要电子替代方案，中央银行和州政府通常通过监管和公共政策步骤来支持卡支付的发展。匈牙利在这一领域非常活跃，它在执行欧洲法规之前一年执行POS终端安装程序或设置交换费限制。在这项研究中，我们调查了这些措施如何促进匈牙利支付卡市场的最新发展。使用匈牙利中央银行的综合数据集，我们使用时间序列分析方法提供了经验证据，表明这两个政策步骤均对国内卡支付场景产生了显着的积极影响。