The number of contactless payments increased by 93% at VOLT, Balaton Sound and Sziget Festivals in 2015
Ingenico Group, the global leader in contactless payments, and the leading independent payment supplier in Hungary, Cardnet Zrt., are unified to note contactless payments wide adoption by consumers at the Sziget Festival, Balaton Sound Festival and VOLT Festival. Ingenico Group and its partner, Cardnet/Festipay are the exclusive solutions providers for these festivals. Touch to pay transactions can be made in two different ways. On eof them is using the closed loop dedicated Festipay cards and the other the contactless credit and debit cards.
Statistics
As regards to Sziget, the biggest music festival in Hungary, more than 2,4 million contactless transactions occured this year. With 170 000 transactions the number of contactless credit and debit cards transactions almost doubled in 2015 compared to 2014. Festipay card transactions grew by 7% with more than 100 000 cards issued in 2015.
As regards to the other festivals
- At Volt Festival, the number of contactless bank card payments increased by 91% representing more than 65 000 transactions while Festipay cards transactions reached almost 400 000.
- At the Balaton Sound Festival the contactless bank card transactions grew by + 133%, reaching 40 000 out of 600 000, the rest being realized with Festipay cards.
According to the latest official statistics, in Hungary, 44% of the total number of issued bank cards are with contactless technology.
Festival payment solutions
“Ingenico Group is one of our key strategic partners. Our Festipay solution is running exclusively on Ingenico payment terminals. Cardnet is the leading independent payment solution provider in Hungary – including closed loop card processing, with more than 10 million transactions per year.” – says László Márki, CEO of Cardnet Zrt.
“We are glad to contribute to the cashless payment growth at the most popular Hungarian music festivals. As a global leader in cashless payment , we are continuously working together with our partners on new, innovative solutions. These make cashless payment easier, safer and more convenient” – comments Szabo Gabor, Country Manager, Ingenico Hungary.