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    The Cards and Payments Industry in Hungary: Emerging Trends and Opportunities to 2020

    The Cards and Payments Industry in Hungary: Emerging Trends and Opportunities to 2020

    • Report Code ID: RW0001350585
    • Category Business & Financial Services
    • No. of Pages 50
    • Publication Month Jul-16
    • Publisher Name Timetric
    Publisher's 'The Cards and Payments Industry in Hungary: Emerging Trends and Opportunities to 2020' report provides a detailed analysis of market trends in the Hungarian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards, cash transactions, direct debits and credit transfers during the review period (2011-2015).

    The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

    The report brings together Publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

    Report Summary

    Publisher's 'The Cards and Payments Industry in Hungary: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Hungarian cards and payments industry, including:
    - Current and forecast values for each market in the Hungarian cards and payments industry, including debit and pay later cards.
    - Detailed insights into payment instruments including credit transfers, direct debits, cash transactions and payment cards. It also includes an overview of the country's key alternative payment instruments.
    - E-commerce market analysis.
    - Analysis of various market drivers and regulations governing the Hungarian cards and payments industry.
    - Detailed analysis of strategies adopted by banks and other institutions to market debit and pay later cards.
    - Comprehensive analysis of consumer attitudes and buying preferences for cards.
    - The competitive landscape in the Hungarian cards and payments industry.

    Report Scope

    - This report provides a comprehensive analysis of the Hungarian cards and payments industry.
    - It provides current values for the industry for 2015, and forecast figures to 2020.
    - It details the different demographic, economic, infrastructural and business drivers affecting the Hungarian cards and payments industry.
    - It outlines the current regulatory framework in the industry.
    - It details marketing strategies used by various banks and other institutions.

    Key Findings

    - Contactless technology is expected to gain prominence among Hungarian consumers, as banks and payment service providers promote contactless technology and launch new services to increase its uptake. In March 2015, OTP Bank, in association with MasterCard and Magyar Telekom, launched a new payment system to enable passengers in Szolnok city to make contactless payments for their transportation using their MasterCard and Maestro cards. The growing adoption of contactless payments has also encouraged merchants to install POS terminals with a contactless payment facility. At the end of 2015, there were 114,881 POS terminals, of which 63,298 (55.1%) had contactless payment functionality.
    - The uptake of alternative payments among Hungarian consumers is gaining traction, as a result of the emergence of a number of payment options. The latest of these is the launch of MasterPass by MasterCard, in association with OTP Bank, in July 2015. The bank's OTPay mobile wallet integrates the MasterPass app, which allows consumers to store their payment card details and shipping and billing address details in one place. This service enables OTPay consumers to make payments and person-to-person (P2P) fund transfer. Customers of other banks can also use the MasterPass platform for payments. Previously, in May 2015, Vodafone Hungary launched the Vodafone Wallet app in association with OTP Bank and MasterCard. Similarly, in February 2014, OTP Bank, in collaboration with MasterCard and the app developer Cellum, introduced the digital wallet service OTPay in February 2014.
    - Mobile payments are also entering the country's transportation sector. The Hungarian government launched the National Mobile Payment System for paying transportation-related fees throughout the country through mobile phones in July 2014. This service allows consumers to make payment for parking, motorway toll stickers and Hu-Go road toll using the mobile app. Consumers need to register at the national mobile payment system's website/mobile app managed by Nemzeti Mobilfizetési, and can transfer funds to their account using their payment cards or current accounts. This service is expected to capture wider transportation payment, with the purchase of railway tickets and public transportation payments by 2017.

    Reason to Buy

    - Make strategic business decisions, using top-level historic and forecast market data related to the Hungarian cards and payments industry and each market within it.
    - Understand the key market trends and growth opportunities in the industry.
    - Assess the competitive dynamics in the industry.
    - Gain insights into marketing strategies used for various card types in Hungary.
    - Gain insights into key regulations governing the industry.
    1 Definitions and Methodology
    1.1 Definitions
    1.2 Methodology
    2 Key Facts and Events
    3 Executive Summary
    4 Payment Instruments
    4.1 Current Payment Environment
    5 E-Commerce
    5.1 E-Commerce Market Analysis
    6 Alternative Payments
    6.1 Alternative Payment Solutions
    6.1.1 MasterPass
    6.1.2 PayPal
    6.1.3 OTPay
    6.1.4 Paysafecard
    6.1.5 Vodafone Wallet
    6.1.6 Telekom MobilTárca
    6.1.7 DIMOCO carrier billing
    7 Regulations in the Cards and Payments Industry
    7.1 Regulatory Framework
    7.1.1 SEPA cards framework
    7.1.2 Hungarian financial transaction tax
    7.1.3 Anti-money laundering (AML) framework
    7.2 Foreign Direct Investment Regulations
    8 Analysis of Cards and Payments Industry Drivers
    8.1 Demographic and Economic Drivers
    8.2 Infrastructure and Business Drivers
    9 Payment Cards
    9.1 Payment Cards Market Analysis
    9.1.1 Volume and value of payment card transactions by type
    10 Debit Cards
    10.1 Debit Card Market Analysis
    10.1.1 Turnover per debit card and transaction values by channel
    10.1.2 Debit card scheme and issuer shares in terms of transaction value
    10.1.3 Debit cards comparison
    11 Pay Later Cards
    11.1 Pay Later Cards Market Analysis
    11.1.1 Turnover per pay later card and transaction values by channel
    11.1.2 Pay later cards scheme and issuer shares in terms of transaction value
    11.1.3 Pay later cards comparison
    12 Commercial Pay Later Cards
    12.1 Commercial Pay Later Card Market Analysis
    12.1.1 Commercial pay later cards comparison
    13 Appendix
    13.1 Tables
    13.2 Contact Publisher
    13.3 About Publisher
    13.4 Publisher's Services
    13.5 Disclaimer

    List of Tables

    Table 1: Key Definitions
    Table 2: Annual Average Exchange Rate
    Table 3: Hungary - Key Facts, 2015
    Table 4: Regional Benchmarking of Hungary's Payment Cards, 2015
    Table 5: Hungary - Mode of Entry of Foreign Banks
    Table 6: Hungary - Visa Multi-Lateral Interchange Fees, 2016
    Table 7: Hungary - MasterCard Consumer and Commercial Card Interchange Fees, 2016
    Table 8: Hungary - Debit Cards Comparison and Key Features, 2016
    Table 9: Hungary - MasterCard Consumer and Commercial Card Interchange Fees, 2016
    Table 10: Hungary - Visa Multi-Lateral Interchange Fees, 2016
    Table 11: Hungary - Gold Credit Cards Comparison and Key Features, 2016
    Table 12: Hungary - Premium Credit Cards Comparison and Key Features, 2016
    Table 13: Hungary - Charge Cards Comparison and Key Features, 2016
    Table 14: Hungary - Commercial Pay Later Cards Comparison and Key Features, 2015
    Table 15: Hungary - Payment Instrument Transaction Values (HUF Trillion), 2011-2015
    Table 16: Hungary - Payment Instrument Transaction Values (US$ Billion), 2011-2015
    Table 17: Hungary - Payment Instrument Transaction Volumes (Million), 2011-2015
    Table 18: Hungary - Number of Payment Cards in Circulation by Type (Million), 2011-2020
    Table 19: Hungary - Volume of Payment Card Transactions by Type (Million), 2011-2020
    Table 20: Hungary - Value of Payment Card Transactions by Type (HUF Billion), 2011-2020
    Table 21: Hungary - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
    Table 22: Hungary - Number of Debit Cards in Circulation (Million), 2011-2020
    Table 23: Hungary - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
    Table 24: Hungary - Debit Card Total and Average Transaction Values by Channel, 2011-2020
    Table 25: Hungary - Debit Card Total and Average Transaction Values by Channel, 2011-2020
    Table 26: Hungary - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
    Table 27: Hungary - Debit Card Transaction Values by Scheme (HUF Billion), 2011-2015
    Table 28: Hungary - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
    Table 29: Hungary - Debit Card Transaction Values by Issuer (HUF Billion), 2011-2015
    Table 30: Hungary - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
    Table 31: Hungary - Number of Pay Later Cards in Circulation (Million), 2011-2020
    Table 32: Hungary - Pay Later Card Transaction Volumes and Frequency by Channel, 2011-2020
    Table 33: Hungary - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020
    Table 34: Hungary - Pay Later Card Total and Average Transaction Values by Channel, 2011-2020
    Table 35: Hungary - Number of Pay Later Cards in Circulation by Scheme (Thousand), 2011-2015
    Table 36: Hungary - Pay Later Card Transaction Values by Scheme (HUF Billion), 2011-2015
    Table 37: Hungary - Pay Later Card Transaction Values by Scheme (US$ Billion), 2011-2015
    Table 38: Hungary - Pay Later Card Transaction Values by Issuer (HUF Billion), 2011-2015
    Table 39: Hungary - Pay Later Card Transaction Values by Issuer (US$ Billion), 2011-2015
    Table 40: Hungary - Number of Credit Cards in Circulation (Million), 2011-2020
    Table 41: Hungary - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
    Table 42: Hungary - Credit Card Total and Average Transaction Values by Channel, 2011-2020
    Table 43: Hungary - Credit Card Total and Average Transaction Values by Channel, 2011-2020
    Table 44: Hungary - Number of Credit Cards in Circulation By Scheme (Thousand), 2011-2015
    Table 45: Hungary - Credit Card Transaction Values By Scheme (HUF Billion), 2011-2015
    Table 46: Hungary - Credit Card Transaction Values By Scheme (US$ Billion), 2011-2015
    Table 47: Hungary - Number of Charge Cards in Circulation (Thousand), 2011-2020
    Table 48: Hungary - Charge Card Transaction Volumes and Frequency by Channel, 2011-2020
    Table 49: Hungary - Charge Card Total and Average Transaction Values by Channel, 2011-2020
    Table 50: Hungary - Charge Card Total and Average Transaction Values by Channel, 2011-2020
    Table 51: Hungary - Number of Charge Cards in Circulation by Scheme (Thousand), 2011-2015
    Table 52: Hungary - Charge Card Transaction Values by Scheme (HUF Billion), 2011-2015
    Table 53: Hungary - Charge Card Transaction Values by Scheme (US$ Million), 2011-2015
    Table 54: Hungary - Personal and Commercial Pay Later Card Transaction Volumes (Million), 2011-2020
    Table 55: Hungary - Personal and Commercial Pay Later Card Transaction Values (HUF Billion), 2011-2020
    Table 56: Hungary - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2011-2020
    Table 57: Hungary - Number of Commercial Pay Later Cards in Circulation (Thousand), 2011-2020
    Table 58: Hungary - Commercial Pay Later Card Transaction Values (HUF Billion), 2011-2020
    Table 59: Hungary - Commercial Pay Later Card Transaction Values (US$ Million), 2011-2020
    Table 60: Hungary - Commercial Pay Later Card Transaction Volumes (Million), 2011-2020

    List of Figures

    Figure 1: Hungary - Payment Instrument Shares by Transaction Value (%), 2011 vs 2015
    Figure 2: Hungary - Payment Instrument Shares by Transaction Volume (%), 2011 vs 2015
    Figure 3: Hungary - E-Commerce Value (US$ Million), 2011-2020
    Figure 4: Hungary - Total Population and Economic Indicators
    Figure 5: Hungary - Number of ATMs, POS Terminals and Real Household Consumption
    Figure 6: Hungary - Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 2011-2020
    Figure 7: Hungary - Volume and Value of Payment Card Transactions by Type (%), 2011-2020
    Figure 8: Hungary - Debit Card Penetration and Number of Debit Cards in Circulation, 2011-2020
    Figure 9: Hungary - Turnover Per Debit Card and Transaction Values by Channel, 2011-2020
    Figure 10: Hungary - Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
    Figure 11: Hungary - Pay Later Card Penetration and Number of Pay Later Cards in Circulation, 2011-2020
    Figure 12: Hungary - Turnover Per Pay Later Card and Transaction Values by Channel, 2011-2020
    Figure 13: Hungary - Pay Later Cards Scheme and Issuer Shares in Terms of Transaction Value (%), 2015
    Figure 14: Hungary - Personal vs Commercial Pay Later Card, Transaction Volume and Value (%), 2011-2020
    Figure 15: Hungary - Number of Commercial Pay Later Cards, Transaction Value and Volume, 2011-2020


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