Hungarian Company GBC Enters New SIA-SSB Group
A month after the merger between SIA and SSB, the new group has announced the acquisition of GIRO Bankkàrtya ZRt (GBC). This Hungarian enterprise provides financial institutions, payment cards issuers and acquirers with management services for ATM and POS terminals, transaction switching, fraud control and other services for payment systems. Compared to other European countries, Hungary still offers an unexpressed potential in the use of cards among the population, with an average of 0.65 cards per inhabitant, versus a 1.18 in the EU 25, and with a predominance of debit cards over credit cards.