The representative survey of Hungarians between 18 and 65 with bank accounts and living in urban areas shows 48pc of people make mobile payments, up from 41pc one year earlier and more than double the 22pc rate six years earlier.

Still, 44pc of the surveyed group insist on getting a physical bank card.

One in five Hungarians reported using a fintech card, such as ones issued by Revolut or Wise.

Three-fourths of the people surveyed pay their bills electronically and 72pc pay with their bank cards at POS terminals.

The rate of people who withdraw cash from ATMs was stable at 94pc.

Around 28pc of people have used QR codes to make online payments.

Just 27pc of SZEP voucher card holders have digitalised their cards.

The survey shows nine in ten of the people make purchases online, and 26pc of those buy on a weekly basis.

Around 39pc regularly place orders with webshops abroad. The share of online payments made with bank cards has climbed to 77pc.

About 78pc of the people surveyed use mobile banking applications.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com
 

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