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Market Research Report
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1037450

Financial Cards and Payments in Hungary

Published: | Euromonitor International | 55 Pages | Delivery time: 1-2 business days

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Financial Cards and Payments in Hungary
Published: November 8, 2021
Euromonitor International
Content info: 55 Pages
Delivery time: 1-2 business days
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Description

The COVID-19 pandemic continues to have a substantial impact on Hungary's financial cards and payments during 2021 with mixed, often contradictory results. Consumers continue to shift away from the use of cash and towards card payments. In the proximity environment, this was due mainly to widespread fears that banknotes and coins could transmit the COVID-19 virus, presenting a risk to public health. The shift towards e-commerce which flowed from the lockdown also favoured the use of card payment...

Euromonitor International's Financial Cards and Payments in Hungary report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market's major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: FCHU

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

  • Financial cards and payments in 2021: The big picture
  • 2021 key trends
  • New regulations set to drive growth of card and electronic payments
  • The emergence of strong fintech players present a favourable scenario
  • Stable competitive landscape with fintech companies likely to provide greatest innovations
  • What next for financial cards and payments?

MARKET INDICATORS

  • Table 1 Number of POS Terminals: Units 2016-2021
  • Table 2 Number of ATMs: Units 2016-2021
  • Table 3 Value Lost to Fraud 2016-2021
  • Table 4 Card Expenditure by Location 2021
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
  • Table 6 Domestic versus Foreign Spend 2021

MARKET DATA

  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 8 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 9 Financial Cards Transactions by Category: Value 2016-2021
  • Table 10 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 11 Consumer Payments by Category: Value 2016-2021
  • Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 13 M-Commerce by Category: Value 2016-2021
  • Table 14 M-Commerce by Category: % Value Growth 2016-2021
  • Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 16 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 23 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 25 Forecast M-Commerce by Category: Value 2021-2026
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER

SOURCES

    • Summary 1 Research Sources

DEBIT CARDS IN HUNGARY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • COVID-19 largely benefits debit cards usage
  • Debit cards gain transactions shares as more consumers become aware of benefits
  • Higher transaction limit for PIN verification supports growth of contactless payments

PROSPECTS AND OPPORTUNITIES

  • Economic reforms and shift towards e-commerce set to benefit debit cards
  • Commercial debit cards set to drive overall category growth
  • Three-bank merger is only expected major change in competitive landscape

CATEGORY DATA

  • Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 28 Debit Cards Transactions 2016-2021
  • Table 29 Debit Cards in Circulation: % Growth 2016-2021
  • Table 30 Debit Cards Transactions: % Growth 2016-2021
  • Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 32 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 36 Forecast Debit Cards Transactions 2021-2026
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN HUNGARY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Rebound for personal credit cards as 2020 APR cap is lifted
  • Consumers aim to reduce debt by paying off credit cards on a monthly basis
  • Commercial credit cards to remain a small niche category

PROSPECTS AND OPPORTUNITIES

  • Moderate growth potential with electronic payments likely to be more beneficial for other categories
  • New strategic alliance of three major retail banks set to influence credit cards
  • Co-branded personal credit cards to continue developing strongly

CATEGORY DATA

  • Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 40 Credit Cards Transactions 2016-2021
  • Table 41 Credit Cards in Circulation: % Growth 2016-2021
  • Table 42 Credit Cards Transactions: % Growth 2016-2021
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 44 Commercial Credit Cards Transactions 2016-2021
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 48 Personal Credit Cards Transactions 2016-2021
  • Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 52 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 64 Forecast Credit Cards Transactions 2021-2026
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 72 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN HUNGARY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • Commercial charge cards dominate as personal charge cards remain absent
  • Dominant player American Express focuses on multinational companies
  • Narrowing of competitive environment is a reaction to slow growth

PROSPECTS AND OPPORTUNITIES

  • Few changes likely to be seen in charge cards
  • Local companies unlikely to become interested in charge cards
  • No new entries expected in the future

CATEGORY DATA

  • Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 76 Charge Cards Transactions 2016-2021
  • Table 77 Charge Cards in Circulation: % Growth 2016-2021
  • Table 78 Charge Cards Transactions: % Growth 2016-2021
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 80 Commercial Charge Cards Transactions 2016-2021
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 83 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 84 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 85 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 86 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 87 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 88 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 89 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 90 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 91 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 92 Forecast Charge Cards Transactions 2021-2026
  • Table 93 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 94 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 95 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 96 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 97 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 98 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN HUNGARY

KEY DATA FINDINGS

2021 DEVELOPMENTS

  • SZEP Card remains popular as government measures are extended
  • Open loop pre-paid cards benefit from ease of virtual transactions, spending limits, and innovations from fintech companies
  • Closed loop pre-paid cards sees increased demand for virtual cards

PROSPECTS AND OPPORTUNITIES

  • Cards with fringe benefits set to remain most popular
  • Talks continue around transferring government welfare payments to pre-paid cards
  • The further emergence of fintech players set to remain a positive influence

CATEGORY DATA

  • Table 99 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 100 Pre-paid Cards Transactions 2016-2021
  • Table 101 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 102 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 103 Closed Loop Pre-paid Cards Transactions 2016-2021
  • Table 104 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 105 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 106 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 107 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 108 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 109 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 110 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 111 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 112 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 113 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 114 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 115 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 116 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 117 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 118 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 119 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 120 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 121 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 122 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 123 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
  • Table 124 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 125 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 126 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN HUNGARY

2021 DEVELOPMENTS

  • Store cards remain absent from Hungary's financial cards and payments market