Debit cards were impacted by rising banking fees in Hungary in 2024, prompting consumers to reevaluate their banking partner. Banks have been passing on their increased expenses to clients, directly impacting fees related to current accounts and debit cards. Many of these fees have risen at the rate of 2023 inflation, which was significant, prompting some customers to consider switching banks. The increase in transaction fees payable by banks, as of 1 August, started to be passed on to end-users...
Euromonitor International's Debit Card Transactions 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: Commercial Debit Card Transactions, Personal Debit Card 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 Debit Card Transactions 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.
Debit Cards in Hungary
Euromonitor International
January 2025
List Of Contents And Tables
DEBIT CARDS IN HUNGARY
KEY DATA FINDINGS
2024 DEVELOPMENTS
Rising banking fees prompt consumers to reevaluate their banking partner
From plastic to pixels: debit cards’ transition to mobile wallets continues
Commercial debit cards experience steady growth
PROSPECTS AND OPPORTUNITIES
Contactless payments become more common, decreasing the need for PIN codes or even physical cards
Cards increasingly used for payments over cash withdrawals
Card fraud prevention – safety concerns remain a top concern
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2019-2024
Table 2 Debit Cards Transactions 2019-2024
Table 3 Debit Cards in Circulation: % Growth 2019-2024