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Focus on improving the digital literacy of Hungarian consumers

The Digital Wellbeing Program and the Hungarian Banking Association sign a cooperation agreement.

By 2022, digitalization will become a public program for society, with all actors in the economy and government playing key roles. 

The Digital Welfare Program (DJP) and the Hungarian Banking Association have signed a cooperation agreement to improve the digital awareness of Hungarian consumers, focusing on secure online payments and support for the different digital needs of younger and older users, the organizations told MTI on Wednesday.

The partners will explore future professional links, such as promoting the development of electronic processes in financial services, raising cybersecurity awareness, and promoting financial services certified as trustworthy by the DJP Financial Stamp.

The technical director of DJP András Levente Gál said the banking association and DJP are committed to ensuring that users in priority sectors such as digital finance and online banking can access high-quality, secure and customer-oriented services. DJP will lead this initiative and help develop other joint initiatives in the future around specific objectives.

According to the latest central bank data, in Q3 last year, 322 million credit card purchase transactions were made in Hungary, up 15 percent from the previous quarter. The number of cards registered in a mobile wallet exceeded 1.1 million, an increase of nearly 24 percent compared to the end of the previous quarter.

To promote financial literacy, there will be a series of events organized in Hungarian primary and secondary schools from March 7 to 11, 2022, with a focus on digital financial solutions, the director said.

The agreement was signed by Levente András Gál, the technical director of the Digital Wellbeing Program (DJP) and Levente Kovács, the Secretary General of the Hungarian Banking Association.

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