Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
return to all countries
.png)
Hungary
Top e-commerce industries
20.3%
Electronics
27.1%
Hobby & Leisure
16.4%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Budapest
Capital
9.9M
Population
GMT+1
Time Zone (GMT)
HUF
Currency
Hungarian forint
$55.4B
Transactions
value in 2030
20.2%
CAGR
of Digital Payments
during 2025-2030
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
.png)
An electronic payment method enabling Hungarian consumers to pay directly from their bank accounts without using cards, via secure API connections mandated by PSD2.
Method
Pay by Bank (HU)
Pay by Bank (HU)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
No
Authorization currency
HUF
Authorization
speed
speed
Istant
Recurring
N/A
N/A
Reasons for Popularity
General consumer shift from cash to electronic payments accelerated by bank infrastructure developments.
