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Pay by Bank (HU)
An electronic payment method enabling consumers to pay directly from their bank accounts without using cards, via secure API connections mandated by PSD2.
Method
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.
