Internet Banking Booms

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The number of residential users of internet banking services grew 44%, while the number of corporate users swell 36% last year, according to a recent study by GKI Economic Research Rt., Sun Microsystems and T-Mobile.

A total of 476,000 residential and 74,000 corporate clients had internet banking contracts at Hungarian credit institutions last year. Of the internet banking services, money transfer is the most popular service among both residential and corporate users.

Also joining the e-services pool are insurance companies, which are increasingly selling insurance policies through the world wide web. The latest boom in the e-sales of insurance policies is fueled by the increase of internet-based insurance brokers. The most popular insurance service bought through the internet is third party liability insurance, according to the survey.