The Hungarian payment market has the following characteristics:
Digital Payment Growth: - Rising card usage, especially debit cards - Increased adoption of mobile payments and digital wallets
Reduced Cash Usage: - Although cash is still widely accepted, usage frequency is declining - Government actively promotes cashless payments
Local Payment Innovation: - Introduction of instant payment system (AFR) promotes digital payments - Local mobile payment solutions such as Satispay are popular
E-commerce Development: - Diversified online payment methods - Increased use of international payment platforms
Innovative Payment Technologies: - Contactless payments are widespread in retail - Emerging payment methods such as QR code payments are gradually being introduced
Regulatory Environment: - Compliant with EU Payment Services Directive (PSD2) - Focus on payment security and consumer protection
Fintech Development: - Fintech innovation accelerating, especially in mobile payments - Increased collaboration between traditional banks and fintech companies
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Popular payment methods
Satispay
Satispay is commonly used for digital wallets payments in HU.
- Payment type
- Digital Wallets
- Buyer coverage
- HU
- Payment currency
- EUR
- Refund
- Partial refund
Paysafecard
Paysafecard is commonly used for prepaid card payments in HU.
- Payment type
- Prepaid Card
- Buyer coverage
- HU
- Payment currency
- EUR
- Refund
- Partial refund
SEPA Direct Debit
SEPA Direct Debit is commonly used for bank transfer payments in HU.
- Payment type
- Bank Transfer
- Buyer coverage
- HU
- Payment currency
- EUR
- Refund
- Partial refund
Skrill
Skrill is commonly used for digital wallets payments in HU.
- Payment type
- Digital Wallets
- Buyer coverage
- HU
- Payment currency
- EUR
- Refund
- Partial refund
Hungary
Country code
HU
Currency code
EUR
Currency unit
€ EUR