• Home
• Channel: Business
• Visa Card Sees Potential In Hungary, Says CEO Hogg

Visa Card Sees Potential In Hungary, Says CEO Hogg

• 2 Oct 2019 5:44 AM
• Hungary Around the Clock

Hungary is a perfect market for growth for Visa, CEO Charlotte Hogg of the credit card company’s European operations told Portfolio in an interview.

There is a comprehensive change in the behaviour of consumers, she observed, with a transition to the mobile and digital world, while the regulatory framework is also changing.

Hungary has advanced regulations especially on client identification and open banking, Hogg remarked.

Cash usage is still high in Hungary but the market is technologically developed, which is promising for growth, she underlined.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Visa Growth Potential

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

OECD Predicts Accelerating Economic Growth in Hungary

• 3 May 2024 5:59 AM

The OECD forecasts Hungary’s GDP will climb by 2.1% this year and its growth accelerating to 2.8% in 2025, according to its biannual Economic Outlook published.



Jobless Rate in Hungary Down to 4.4% in March

• 28 Apr 2024 7:30 AM

Hungary’s jobless rate was 4.4% in March, down from 4.6% in February, the Central Statistical Office (KSH) said. The rate covers unemployment among people between the ages of 15 and 74. In absolute terms, there were 217,200 unemployed in March, 9,700 fewer than in February and 22,200 more than twelve months earlier.



Chinese Investments Worth HUF 6,000 Billion Under Way In Hungary

• 24 Apr 2024 7:02 AM

Currently there are some 6,000 billion forints (EUR 15.2bn) worth of Chinese investment projects under way in Hungary, creating 25,000 jobs, the foreign ministry quoted Péter Szijjártó, the minister of foreign affairs and trade, as saying in Beijing.



All-Time Low for Jobseekers: Hungary Aiming to Reach Level of Development Equal to 90% of EU Average

• 15 Apr 2024 7:05 AM

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Márton Nagy, the national economy minister said.