Hungary
"Your company's success is our success" - Péntech innovating SME financing
Péntech is an SME financing platform that enables companies to apply for bank loans or to factor…Continue reading
Digitalization
- Internet usage (of pop.)
- 86%
- Did online shopping (age 15+)
- 42 – 44%
- Paid bills via internet (age 15+)
- 43 – 45%
- Accessed a bank account online (age 15+)
- 42 – 43%
- Paid utility bills using a mobile phone (age 15+)
- 2 – 4%
- Made or received digital payments (age 15+)
- 78 – 79%
Data overview for Hungary
Digitalization
- Internet usage (of pop.)
- 86%
- Did online shopping (age 15+)
- 42 – 44%
- Paid bills via internet (age 15+)
- 43 – 45%
- Accessed a bank account online (age 15+)
- 42 – 43%
- Paid utility bills using a mobile phone (age 15+)
- 2 – 4%
- Made or received digital payments (age 15+)
- 78 – 79%
Macro data
- Population 2020
- 9.8M
- GDP Total 2020
- €139.3B
- GDP per capita 2020 (PPP)
- €29,300
- GDP forecast 2021
- 5%
- Trade Flows (% of GDP)
- 146.7%
Banking data
- Total bank assets 2020
- €148.5B
- Total bank assets 2020/GDP
- 120%
- Account ownership (age 15+)
- 82 – 83%
- Debit card ownership (age 15+)
- 78 – 81%
Economic data
- Unemployment
- 4.7%
- Currency
- HUF
- Remittances (% of GDP)
- 2.4%
- Private Consumption (yoy)
- 5.4%
Data provided by Raiffeisen Research, Sources
Articles about fintech in Hungary
Favorable trends for fintech growth in Hungary. Will they expand in CEE?
A number of favorable trends have been evolving in Hungary to facilitate fintech startups. However only a…Continue reading
Hungary compared to other CEE countries
Hungary
- Internet usage (of pop.)
- 86%
- Did online shopping (age 15+)
- 42 – 44%
- Paid bills via internet (age 15+)
- 43 – 45%
- Accessed a bank account online (age 15+)
- 42 – 43%
Austria
Slovakia
UkraineData provided by Raiffeisen Research, Sources