Penetration rate of mobile POS payments in Hungary 2018-2027

Published by Statista Research Department, Jun 1, 2023
The user penetration in the mobile POS payments segment of the FinTech market in Hungary was forecast to continuously increase between 2023 and 2027 by in total 2.1 percentage points. The user penetration is estimated to amount to 18.85 percent in 2027.Find further information concerning the FinTech market and its segments. Here you can find the revenue growth concerning the robo-advisors segment of the FinTech market in the United States and the average revenue per user (ARPU) concerning the digital payments segment of the FinTech market in Thailand.

Penetration rate of the mobile POS payments market in Hungary from 2018 to 2027

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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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