Fintech

Fintech

Financial Apps 2nd Most Popular After Social Media

More than 70% of Hungarians use some kind of a financial app, making it the second most popular type of...

Fintech

Google Wallet to replace Google Pay

Google Wallet is set to replace the Google Pay app starting today, according to a press release sent to the...

Fintech

Smart device payments increase threefold

The number of people paying with smart devices was more than 100,000, almost three times the number a year earlier,...

Fintech

iBanFirst acquires currency exchange outfit Cornhill

The acquisition of Cornhill, the U.K.-based payment institution specializing in foreign exchange and risk management, by iBanFirst, a French global...

Fintech

Digital Customer Service Firm FaceKom Says Will go Public After Record Year

FaceKom, a Hungarian-owned company that is a market leader in corporate remote digital customer identification, has said it plans to...

Fintech

Average level of digitalization in finance still ‘medium’ 

In addition to further developments at credit institutions at the forefront of digitalization, less well-performing banks also managed to catch...

Fintech

Hungary Fintech sector continues to expand

Hungary's Fintech sector has grown to 146 companies employing more than 8,000 people, state news wire MTI writes, citing a...

Fintech

Matolcsy backs giving central banks ‘full authority’ to issue CBDCs

National Bank of Hungary (MNB) governor György Matolcsy voiced his support for giving all central banks full authority to issue...

Fintech

Value of bank card purchases rises nearly 26% in Q4

The value of purchases in Hungary made with locally-issued bank cards climbed 25.8% year-on-year to HUF 2.719 trillion in the...

Fintech

Hungary’s Blockchain Coalition holds inaugural meeting

Hungary's Blockchain Coalition held its inaugural meeting on Tuesday, according to a report by state news wire MTI....

Fintech

Global fintech Ebury opens an office in Silesia, Poland

Ebury, a global financial institution serving tens of thousands of exporters and importers worldwide, opens a regional office in Silesia,...

Fintech

Benker blockchain neobank licensed by Lithuanian central bank

A blockchain neobank set up by Benker, a financial services company established by Hungarian experts, has been licensed by the...

Fintech

LogMeIn to set up LastPass as Stand Alone Company

One of the world’s most prominent software as a service companies, LogMeIn, Inc., has announced plans to establish one of...

Fintech

MNB doubles down on Revolut position

The National Bank of Hungary (MNB) on Tuesday reiterated its stand on fintech company Revolut's cross-border banking services in Hungary,...

Fintech

NFT auction: 1st ever SMS generates EUR 107.000 to support refugees

The world's first SMS was immortalized as a Non Fungible Token (NFT) and sold at an auction in Paris, fetching...

Fintech

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...

Fintech

Vantage Towers Betting on Chameleon Vision

As data demand surges and the boundaries of 5G expand, the physical infrastructure supporting our digital lives has never been...

Fintech

Hungary to Introduce Stricter Crypto Rules

The National Bank of Hungary (MNB) will require all crypto‑asset service providers to follow new compliance rules from Oct. 1,...

Revolut Valuation Reaches USD 115 bln After Fundraising

Revolut has completed a fundraising transaction valuing the company at USD 115 billion, following a series of banking launches and...

Wise Launches Forint Investment Feature With 4.72% Variable Return

Wise has introduced an investment feature for forint balances, offering a variable annualized return of 4.72% after fees while retaining...

Revolut Links Service Disruption to Google Cloud Outage

Revolut has attributed its Oct. 20 service disruption to a Google Cloud outage, telling customers that normal operations were restored...

Revolut Users Report Disruptions to Payments, Transfers and Currency Exchange

Revolut users experienced problems with several services on Tuesday morning, including card payments, transfers and currency exchange, Hungarian fintech portal...

AI Agents Could Shop and Pay for One in 10 Consumers by 2030, Mastercard Says

More than one in 10 online shoppers could regularly use artificial intelligence agents to purchase products on their behalf by...

Global Payments Introduces Accessible Card Payments for Visually Impaired Users

Global Payments has introduced a new accessibility mode on its payment terminals designed to make card payments easier for blind...

CoinCash 1st Hungarian Crypto Provider to Receive MiCA Approval

MNB granted CoinCash operator Tiwala Solutions a CASP license, making it the first and currently only Hungary‑based crypto provider authorized...

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...

Revolut Migrates Over 2 mln Hungarian Customers to Local Branch

Revolut Bank successfully completed the migration of more than 2 million eligible Hungarian retail customers to the local branch and...

Hungary Plans Major Shift in Crypto Regulation

Hungary is preparing to overhaul its crypto‑asset rules by eliminating the mandatory validation requirement, which forced every crypto‑to‑fiat or crypto‑to‑crypto...

Fintech Promises Convenience, but Habit and Complexity Still Slow Adoption

Digital invoicing, online accounting, neobanks, instant payments, and automated administration are spreading quickly across both private life and business, often...

Vantage Towers Betting on Chameleon Vision

As data demand surges and the boundaries of 5G expand, the physical infrastructure supporting our digital lives has never been...

Hungary to Introduce Stricter Crypto Rules

The National Bank of Hungary (MNB) will require all crypto‑asset service providers to follow new compliance rules from Oct. 1,...

Wise Introduces Qvik Requests for Clients in Hungary

Wise has enabled qvik requests for Hungarian customers, allowing private users to transfer money from their bank accounts to their...

Revolut Bank to Launch Hungarian Branch, Introduce Local Bank Accounts

Revolut Bank, the European digital bank with more than 2.3 million customers in Hungary, is officially announcing the upcoming launch...