Revenue of the mobile POS payments industry in Hungary 2018-2027

Published by Jan Conway, Jun 1, 2023
The revenue in the mobile POS payments segment of the FinTech market in Hungary was forecast to continuously increase between 2023 and 2027 by in total 1.04 billion U.S. dollars (+84.84 percent). After the fourth consecutive increasing year, the revenue is estimated to reach 2.3 billion U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the mobile POS payments segment of the FinTech market was continuously increasing over the past years.

Find further information concerning the mobile POS payments segment of the FinTech market by looking at key market indicators in further countries. Here you can find its number of users in Thailand and user penetration in Hungary.

Revenue of the mobile POS payments market in Hungary from 2018 to 2027 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Mobile POS Payments segment includes transactions at point-of-sale that are processed via smartphone applications (so-called mobile wallets). Well-known providers of mobile wallets are ApplePay, Google Wallet and Samsung Pay. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer can be made, for example, via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. A user pays for a purchase via a mobile wallet application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation).

Payment transactions with physical debit or credit cards at contactless terminals and mobile POS systems (mPOS, e.g. Square, SumUp) as well as place-independent “Carrier Billing” are not included in this segment.

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