Answer ... The presence of fintech companies is encouraging competition in the financial markets, in particular in the field of payment services. As a result of the Second Payment Services Directive, within the framework of open banking, financial service providers must provide access to account information service providers and payment initiation service providers, which may be regarded as a pro-competition measure.

Both the European Central Bank and the National Bank of Hungary are encouraging financial institutions to develop and offer their own innovative payment solutions and applications for clients.