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Hungary

Hungarian Forint (HUF)

Hungary has seen increased use of digital payment methods in recent years, with mobile banking becoming more popular and over 80% of Hungarians using contactless payments for small transactions. Many emerging FinTech startups are developing new digital payment solutions to meet the growing demand.

Hungary flag

Population

9,709,891

Banked Population:

88.22%

Group 427321246

Main industries

Agriculture, Automobile Production, Tourism, and Electronic & ICT

Group 427321247

Main imports

Motor Vehicles (parts & accessories), Cars, Packaged Medicaments, Integrated Circuits, and Broadcasting Equipment

Group 427321248

Main exports

Cars, Motor Vehicles (parts & accessories), Packaged Medicaments, Video Displays, and Spark-Ignition Engines

GDP stats

$18,728.1

Per capita (USD)

7.1%

Growth annually

56

World ranking

Internet usage

89%

Smartphone usage

72%

Credit/debit card usage

15.9%

Population transacting electronically

71%

Group 427321245 1

Total volume of digital payments projected to reach

$6,974M (USD)

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Payment Methods in Hungary

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