Revolut now supports Apple Pay in Hungary

In Hungary

Revolut, one of the worldʼs fastest-growing fintech companies, will make Apple Pay available for its clients in Hungary starting today, according to a press release sent to the Budapest Business Journal.

Holders of Revolutʼs virtual cards are now able to use Apple Pay

This means that there are currently 29 countries where Revolutʼs clients can use Apple Pay for paying with iPhones, iPads, Apple Watches, and Macs. 

The press release notes that transactions made through Apple Pay are faster than traditional bank and credit card transfers. In addition, the system allows contactless payments via iPhone and Apple Watch, as well as MacBook Pros and MacBook Airs equipped with a Touch ID sensor.

Revolutʼs clients may add their Revolut cards to the Apple Pay system through either the Revolut app or Wallet app. Additionally, those who only have virtual cards may add those to Apple Wallet through the Revolut app.

When using a Revolut card for Apple Pay payments, the card numbers are not stored on either the Apple device nor Apple servers. Instead, the system gives the payment a so-called Device Account Number, which is stored in encrypted form in the systemʼs Secure Element module. Each transaction is validated by a single-use dynamic security code.

"The main goal of Revolut is providing clients a useful tool for handling all kinds of finances, and conducting payment transactions quickly, conveniently, and safely is indispensable for this," says Arthur Johanet, product owner for card payments at Revolut. "For a long time all over Europe, our clients have been asking us to support Apple Payʼs payment system, so we are glad to be introducing it in Hungary. It is a very positive step forward towards making it possible for as many clients as possible to use their money as they wish."

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.