Six out of ten retail payments in Hungary were with cash money in 2020, although this was lower when compared to earlier years. This according to estimations based on the available data regarding cash withdrawals and payment transactions. No data exists on the actual use of cash money, outside of survey diaries. Such a diary, covering consumers' use of cash money in shops, was held in Europe only once, in 2017. As not all payment data is readily available, like the use of OTC or over-the-counter cash withdrawals, note this can still mean that the cash share numbers provided here are not necessarily accurate.
Share of cash estimate at point of sale (POS) in Hungary from 2001 to 2020
The numbers provided have been calculated by Statista, using numbers on ATM and OTC withdrawals. See the "Details" tab for more information
No data is available that covers the exact volume of transactions conducted with cash money. In order to make a credible estimation, this calculation looked at the following indicators:
Value of ATM cash withdrawals (either with cards issued by resident PSPs at any terminal, provided by either a resident or non-resident PSP, or with cards issued by non-resident PSPs at terminals provided by resident PSPs;
Value of OTC or over-the-counter cash withdrawals;
Value of card payments, issued by resident PSPs;
Value of e-money payment transactions, issued by resident PSPs.
To summarize, this methodology tries to put cash withdrawals, either at an ATM or OTC, in perspective of all payment transactions (withdrawals + card payment+ e-money transactions) within a country. Numbers on checks, ACH or instant payments have not been used.
Note that numbers on OTC withdrawals and e-money are not always readily available for all years. Multiple sources were consulted to get to these numbers. In the case of Hungary, no numbers were provided on e-money.
The values used in the calculations for Hungary were in Hungarian forint.
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Statista. (July 23, 2021). Share of cash estimate at point of sale (POS) in Hungary from 2001 to 2020 [Graph]. In Statista. Retrieved September 28, 2022, from https://www.statista.com/statistics/1094988/cash-use-in-hungary/
Statista. "Share of cash estimate at point of sale (POS) in Hungary from 2001 to 2020." Chart. July 23, 2021. Statista. Accessed September 28, 2022. https://www.statista.com/statistics/1094988/cash-use-in-hungary/
Statista. (2021). Share of cash estimate at point of sale (POS) in Hungary from 2001 to 2020. Statista. Statista Inc.. Accessed: September 28, 2022. https://www.statista.com/statistics/1094988/cash-use-in-hungary/
Statista. "Share of Cash Estimate at Point of Sale (Pos) in Hungary from 2001 to 2020." Statista, Statista Inc., 23 Jul 2021, https://www.statista.com/statistics/1094988/cash-use-in-hungary/
Statista, Share of cash estimate at point of sale (POS) in Hungary from 2001 to 2020 Statista, https://www.statista.com/statistics/1094988/cash-use-in-hungary/ (last visited September 28, 2022)