EU Court Rules Hungary's State Monopoly Over Mobile Payments Is Illegal

Hungarian state's monopoly over national mobile payment services has been ruled illegal by the European Court of Justice. 'The ruling would require the end of exclusive control over Hungarian mobile payments exercised since July 2014 by state-owned firm Nemzeti Mobilfizetesi Zrt,' reports Reuters. 'This exclusive operation 'is contrary to EU law,' the bloc's top court said in a statement.' 'Even if the services provided under that system constitute services of general economic interest, their supply cannot be reserved to a state monopoly,' the court added.

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