Presenting its new Payment Report, the MNB announced that the maximum instant payment will be increased to Ft 20 million from September 1.

An important change for instant payments from next year is that the clearing house Giro will provide a central authentication service for QR codes and for data entry.

Free QR code, NFC and deep-link transfers will be available on the mobile apps of all bank customers, and the acceptance of payment requests will also be mandatory and free of charge at banks from February 1, 2024.

In its 2030 strategy, the MNB set a specific target for reducing the spread of costs between customers and also aims to reduce overheads.

This can be aided by several tools, one of which is to support customers in a more understandable way, via statements or comparison pages, Portfolio writes.

A basic account with a reduced fee, with unlimited free access to the above services (deeplink, NFC, QR code payment, payment request acceptance) for up to Ft 1,000 per month, can help, the website adds.