Digital payments are taking over in Hungary: we are ahead of the EU average

However, significant territorial differences can be observed in Hungary in the field of digital payments. In Budapest, 54 percent of purchases are made electronically, which far exceeds the national average. This shows that technological developments and innovation are progressing at a faster pace in the capital, and that the population is also more open to new payment methods.

In contrast, rural regions such as Nógrád and Szabolcs still rely heavily on cash payments. In these counties, three-quarters of purchases are made with cash, which highlights the need to develop digital infrastructure and related education. In order to eliminate regional differences, it is an important task for both government and market players to improve the availability and popularization of digital payment solutions.

The largest part of digital payments is related to in-store purchases, which indicates that electronic solutions are increasingly coming to the fore when purchasing everyday consumer goods. In contrast, bill payments, online purchases and transactions within different sectors represent a smaller proportion.

The rise of electronic payments brings many benefits, such as more convenient and faster transactions, a reduction in cash handling, and a whitening of the economy. At the same time, the digital transition also poses challenges, especially in rural areas, where the infrastructure and the population’s technological awareness are not yet sufficiently developed everywhere.