K&H: smart payments are booming

Digital payments continue to show spectacular growth in Hungary, including among K&H customers, but the cash stock is also growing. According to data published by the central bank in January, the cash stock in circulation approached 9,400 billion at the end of last year, in December, compared to 8,888 billion a year earlier and 7,281 billion five years ago.

Significant expansion

This indicates that cash still has a place in the Hungarian economy, but new solutions have also gained ground. Card payments, including the amount of various smart device solutions, are on a steep upward trajectory.

According to K&H’s summary, the amount of smart device purchases at the financial institution increased by 58 percent year-on-year in the first two months of this year, while the number of transactions increased by 38 percent. Last year as a whole, smart device turnover increased by more than 60 percent, and the number of transactions by 29 percent. Both indicators have increased several times compared to five years earlier.

They trust it

The explosive development clearly shows the trust in smart device payments. Mobile banking applications provide immediate feedback on spending, so customers can easily and quickly track their expenses, compared to cash. The future clearly belongs to easy and fast payment solutions that further simplify digital transactions in everyday life.

K&H is committed to the continuous development of the digital ecosystem, as cashless transactions are not only faster and safer, but also significantly reduce national economic costs and environmental impact by eliminating the need to transport, store and produce cash.

K&H aims to continue to support its customers in 2026 in keeping their finances under control with the most modern tools and enjoying the benefits of digital freedom.