We shape together the future of financial technology
Electronic Payment Service Providers Association
The Electronic Payment Service Providers Association (EFISZ), a socio-professional organisation of companies operating in Hungary that provide non-cash, electronic payment services, is a non-governmental, autonomous organisation for communicating and representing interests and promoting consultation, established by the founding members in accordance with the provisions of section 3:63 of Act V of 2013 on the Civil Code and of section 4 of Act CLXXV of 2011 on the Operation and Support of Civil Organizations (Civil Act).
What we do?
Electronic Payment Service Providers Association attends the following tasks:
Supporting the elaboration of new service and business models and payment ecosystem
Domestic and international representation
Supporting communication and marketing of services
To support the improvement of the Hungarian non-cash, electronic payment ecosystem and the development of new service and business models.
To represent, both in Hungary and internationally, the interests of Hungarian non-cash, electronic payment service providers.
To jointly represent Hungarian non-cash, electronic payment service providers and their interests before decision makers.
To provide and coordinate education to the public about the use of non-cash, electronic payment services, and to establish cooperation regarding this task with governmental actors and financial stakeholders.
To support the marketing and communication of Hungarian non-cash, electronic payment services. To develop a role of continuous coordination in relation to the introduction of non-cash, electronic payment services in public administration and services.
To create the Code of Conduct of Electronic Payment Services, which is of great significance from a consumer protection aspect as well, and to monitor the implementation of the principles set out therein.
To develop the Mobile Payment Consumer Protection System of Electronic Payment Services, and, related to that, to establish the Ethics Committee of the Electronic Payment Service Providers Association.
To develop the Electronic Payment Strategy with the involvement of industry operators (government and financial stakeholders).
To support non-cash payment.
Hungary may be the country in Central Eastern Europe which is actively involved in shaping the future of financial technology. Digitization has a key role to play in this process, and developing non-cash, electronic payment services is a part of that. As electronic payment is gradually becoming more widespread, the interoperability of payment channels is becoming more and more important. We hope that EFISZ can provide support and information to the public and to service providers, so that knowledge about e-services in finance can become an integrated part of our everyday lives.
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