PayPal Most Popular Money Transfer App In Hungary

  • 5 Apr 2019 8:21 AM
  • Budapest Business Journal
PayPal Most Popular Money Transfer App In Hungary
According to findings by U.K. consumer research and personal finance site NimbleFins, PayPal Mobile Cash is the most popular money transfer app in Hungary based on Apple App Store downloads, just as in 21 other European countries.

The research notes that mobile money transfer platforms are on the rise, with more than USD 160 billion of remittance flowing out of European countries each year.

Apart from well-known brands such as PayPal and Western Union, rapidly growing startups like U.K. fintech Revolut are competing for customers all over the continent.

In Hungary, PayPal is followed by Revolut, with U.K. peer TransferWise coming in third place in terms of downloads. The fourth most popular money transfer app is Skrill, with WorldRemit completing the top five.

While the scene is dominated by PayPal in most countries, Russian and Ukrainian users tend to opt for Russian payment service provider QIWI Wallet, while several countries like Ireland, Poland, and the Czech Republic pick Revolut over competitors.

The full research is available online, by following this link.

  • How does this content make you feel?

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports