Hungary’s Mobile Firms to Launch NFC Phone Payment System

Hungary’s three mobile phone operators have joined forces to launch a system that will allow clients to use their phones to pay for goods and services from the start of next year. The move is intended to bring the country closer to global communications trends. The sector is currently battling to deal with a fallout from the economic downturn and various special, sectoral taxes levied on telecommunications companies by the Hungarian government in  its push to improve the country’s finances.