Two Million Bank Accounts Appeared Out of Nowhere in Hungary, Mobile Payments and Qvik Are Also Gaining Ground
4 Articles
4 Articles
In the second quarter, more than a third of transfers were initiated by customers from mobile banking, and Qvik payments expanded by more than 22 percent in a single quarter. Revolut, which has established a branch in Hungary, has been included in the domestic payment statistics, and the payment transactions of more than 2 million customers will soon appear in the transaction data. A worrying trend in terms of fraud is that the number and total …
According to the MNB, the value of transfer fraud has soared, while more and more bank transfers are initiated from mobile phones and qvik payments are spreading rapidly.
According to the MNB statistics, Hungarians had 11,675,823 bank accounts at the end of June 2026, compared to 9,645,823 in March. This increase of more than 21 percent cannot be attributed to the fact that Hungarians suddenly started opening accounts. The phenomenon is more likely due to changes at Revolut. According to the data of the Hungarian National Bank, at the end of June 2026 […]
A third of all transfers are now made via mobile, and Revolut has officially arrived on the Hungarian banking market. However, according to the latest figures from the Hungarian National Bank, the digital revolution comes at a serious cost: criminals are increasingly robbing unsuspecting businesses.
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