Instant Payment

Page 132

Éva Hegedüs

Chairperson & CEO, Gránit Bank Zrt.

The introduction of the instant payment system from the perspective of Gránit Bank THE IDEA OF THE INSTANT PAYMENT SYSTEM I have supported the idea of establishing the instant payment system to modernise the Hungarian financial infrastructure. First, it was obvious to me that this was a fundamental development that would require huge human and financial resources from the banking sector, and in exchange the international competitiveness of the Hungarian payments market, including that of Gránit Bank, will improve. I knew that we could provide an experience to customers with instant payments that offer all the advantages of cash payments while being much safer and cheaper, therefore I was hoping that this solution would lower the current high share of cash transactions. I am an ardent advocate of competition, but the instant payment system is a platform where cooperation came first, where we worked closely together with GIRO Zrt., the Magyar Nemzeti Bank and the partner banks with full commitment to the task. As the chairperson and CEO of Gránit Bank, I can say on behalf of all my colleagues that we are proud of our innovative digital solutions the business innovations that we introduced first, or among the first, and which we provide to our customers. We continuously strive to innovate, as who would not like to be among the leaders? We kicked off and implemented our entire project on the introduction of the instant payment system in this spirit.

131


Turn static files into dynamic content formats.

Create a flipbook

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
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.