2025.01
More than 2200 billion dollars are paid annually by yellow checks, which is surprisingly high. At the same time, the most advanced financial solutions, innovative products and modern technologies are available all over the world, but in Hungary, we continue to insist on this old payment method, which often requires cash use, which costs great costs.
A week after a week we are waiting for long rows on the mail, annoyed by the crowd, and we are surprised that most places are the wealthiest button on the automatic screen is the option to “check $ 500,000”. Why didn't we finally turn into a more modern solution? The payment application provides an alternative to this.
The payment request gradually acquires an increasing space between local payment solutions and can lead to a slow design and the final end of the yellow examination. The new system, in particular, may change a revolutionary when pushing the utility bills, such as water, gas and electricity.
During the coronation epidemic, it is especially important to reduce personal management, because the postal waiting menu is an increased risk, especially for the older age group, who use yellow examination.
Housing and home energy spending is an important part of the total cost of Hungarian families, and individual individual from 15-35 %.
According to expert analyzes, the payment request will become more and more available in the coming years, which may help reduce the cash flow and the final disposal of the yellow check. But exactly what does this new system mean and how it works?
There is a standard level in Hungary in Hungary
In recent years, the money in circulation has shown significant growth: it has increased by 12 % in one year, 73 % in five years and 200 % in ten years. According to MNB, by July 2020, circulating cash shares rose to approximately 7,000 billion HF, which is not only historical, but also a high value of gross domestic product and is great in international comparison.
Although electronic cash flow, including credit card payments, is constantly expanding, cash use increases in parallel. However, the penetration may be achieved through the spread of the immediate payment system and the payment application for payment. This digital solution is faster, simpler and more effective, as maintaining cash flows also involves large expenses for the state.
How does the payment request work?
The essence of the system is that the money recipient – the beneficiary – sends an email to the motivation about the expected amount. If the paid party accepts the required amount, you can implement the transaction with one approval.
For example, the family will be notified of the monthly consumption of the electricity supplier, says 9800 forints. If the consumer accepts the amount, you can approve it with one click so that the amount is settled immediately. Of course, it is important for users to check the application and its amount.
The system's feature is that the payment document remains digitally available, while in the traditional method, the service provider sends the bill and verification every month, which must be paid personally.
Many continue to choose a postal payment (yellow check) and maintain certificates, but traditional check payments take a long time.
It is important to know that the payment application, such as the yellow check, is valid for up to 60 days. That is, it is not necessary to pay as soon as it arrives, just as the check is not arranged immediately by mail, said Godit Nimith Simco, the director of communications at Money.hu.
Request for payment and family expenses
The wide -ranging distribution of the payment application can play an important role in curbing money, as it is presented by all local retail banks and service providers, such as electricity suppliers and gas suppliers.
According to official HCSO data, housing expenses and energy use in Hungarian families are a large percentage of the total budget: 20 % on average, but for unilateral men to 34 %, 25 % for retirees and 14 % for families that have children.
According to a survey conducted by the National Hungary of 2017, approximately 70 % of the Hungarians are still paying at least one bill for cash, while only 29 % will arrange all public expenditures only.
The spread of payment requests can not only simplify daily management, but also can also help in the long term to reduce cash transactions, which is useful for the state and families.
