Instant Payment

Page 100

Gábor Ákos Dávidházy

Leader of the Sub-Working Group on Public Services within the Working Group on Innovative Services in the nationwide project

Creating cooperation along value chains BACKGROUND In June 2017, I had the honour to be asked by Executive Director Lajos Bartha to lead the section of the Working Group on Innovative Services in the nationwide project on the establishment of the instant payment system (IPS) concerned with the opportunities for state use. I welcomed the professional challenge personally as well as in my capacity as the strategic and project director of Nemzeti Mobilfizetési Zrt., since the national mobile payment system project implemented by our Company in 2014 also focused on a unique and nationwide platform, which has been expanded with several ‘smart’ services since then. The nationwide instant payment system project was also connected to my everyday work. 2017 saw the establishment of the Electronic Payment Service Providers Association (EFISZ), thanks in part to two subsidiaries of the MNB (GIRO Zrt. and the Pénzjegynyomda Zrt.). When the EFISZ was founded, a strategic objective was to support the development of the Hungarian cashless electronic payment ecosystem and new service and business models. That is why I was happy that I could draw on my experience obtained in the abovementioned previous nationwide project as well as the dialogue started in the established professional association, in a unique, nationwide project that is considered exceptional even by international standards, and whose national economy impact may be huge in terms of reducing cash use in the years to come.

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Articles inside

The introduction of the instant payment system from the perspective of Gránit Bank

1hr
pages 132-176

The introduction of the instant payment system from the perspective of CIB Bank Zrt

6min
pages 124-127

Teamwork can help in realising even the most ambitious plans

7min
pages 120-123

Erste Bank’s four-year project: 25,000 person-hours on 53 systems

7min
pages 128-131

The introduction and utilisation of the instant payment system at the Hungarian National Tax and Customs Administration

8min
pages 112-117

The Hungarian State Treasury joins the instant payment system

7min
pages 106-111

Creating cooperation along value chains

6min
pages 100-103

Instant payments: The future today

8min
pages 94-99

The historical and banking aspects of the launch of the instant payment system

12min
pages 77-83

New dimensions in the Hungarian financial system: The Chamber’s experience with the instant payment system

4min
pages 84-86

A 360-degree view on IPS

13min
pages 87-93

Rollout of the instant payment service: How the displacement of cash began

9min
pages 72-76

A journey of cooperation and collaboration to the future

7min
pages 66-69

The introduction of the central infrastructure in GIRO

4min
pages 63-65

A new era in payments

9min
pages 58-62

Exceptional opportunity for modernising payments

8min
pages 51-55

Challenges during the rollout of the instant payment system in a nutshell

9min
pages 33-37

If it does not move around, money is worth nothing

3min
pages 30-32

One hundred fifty-seven million eight hundred and fifty-two thousand eight hundred

10min
pages 38-43

The same project from three different perspectives

8min
pages 16-19

We dared to dream big

13min
pages 44-50

Hungarian payments on a new footing: Regulatory recollection of the instant pay- ment project

12min
pages 24-29

Faster, safer, sleeker: A giant leap in the age of the digitalisation of money

7min
pages 20-23

Foreword

4min
pages 10-13
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