Seven out of ten Hungarians pay with cash, but instant payment can change this practice

You can boost your online purchases with instant payments or rewrite your everyday payment habits – was said Tuesday at the first ever PayTechShow in Budapest. In addition to global trends, the digital payments conference also featured the latest solutions from international fintech experts.

The attachment to cash is not only true for Hungarians. The Mediterranean countries tend to stick to offline payment (85 percent of transactions are cash). In Hungary situation is slightly better (70-75 percent), while in the Scandinavian countries and Denmark only 20 to 25 percent of transactions are cash-based.