Tagged: hungary

May 25, 2022 @ 4:12 am By Omar Faridi  |  

MYPINPAD, an international player in mobile-based payments acceptance and digital authentication solutions, has teamed up with CircleBlue Pay (CBP) and OTP Mobile in a move that will “allow thousands of merchants across Hungary to accept card payments via Tap to Phone technology.” Based in Budapest,… Read More

April 19, 2022 @ 8:30 am By Omar Faridi  |  

Seon, a startup that’s focused on assisting Fintechs like Revolut with addressing online fraud, has secured $94 million in capital, in order to implement various tools for preventing sanctions evasion by Russia. The London-headquartered firm secured the funding via an investment round that was led… Read More

November 19, 2021 @ 5:44 pm By Omar Faridi  |  

Gránit Bank is one of the first banks to offer the Mastercard carbon calculator on November 15, 2021, which enables cardholders to check out the environmental impact of their purchases via their mobile bank. As mentioned in the announcement, the Carbon Calculator has been developed… Read More

August 12, 2021 @ 4:59 pm By Tony Zerucha  |  

Fraud prevention firm SEON has hired Otto Toth, former CTO of digital news outlet The Huffington Post and SVP and chief mobile innovation officer at AOL. The news comes shortly after the company secured €10 million ($12 million) Series A investment and opened new regional… Read More

June 5, 2021 @ 12:10 pm By Omar Faridi  |  

Hungary’s payments Fintech Agora Pay has introduced a smart payment acceptance service for the nation’s markets. It utilizes PAYSTRAX’s payment infrastructure and wide network of payment connections. The solution is described by Agora Pay as being highly efficient, cost-effective and it also leverages PAYSTRAX’s direct… Read More

December 13, 2020 @ 11:55 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) have entered into a co-operation Agreement (CA) in order to collaborate on various Fintech initiatives that will enhance Singapore and Hungary’s economy. The CA aims to establish a framework for Fintech collaboration between… Read More

September 19, 2020 @ 4:12 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise notes that whether you’re in Budapest, Bangkok or Pisco, you’ll now be able to receive Hungarian forints directly into your TransferWise account — the same way that a local would receive the funds. The TransferWise team clarified that this… Read More

September 11, 2020 @ 7:51 am By Omar Faridi  |  

Hungarian firm PeasyPay has launched a biometric digital payment system that uses facial and palm recognition to verify customers’ IDs and settle transactions. The Fintech company stated that it will be introducing its biometrics-enabled point-of-sale payments technology in Spain and the UK. Consumers can download… Read More

May 2, 2020 @ 10:28 am By Omar Faridi  |  

Magyar Nemzeti Bank (MNB), the reserve bank of Hungary, has released its very first Fintech and Digitalization Report, which looks into the state of financial technology adoption and the level of digitalization across the nation’s banking ecosystem. The report revealed that there are at least… Read More

March 25, 2020 @ 8:43 am By JD Alois  |  

Billingo, a billing platform operating in Hungary, has partnered with Salt Edge a firm developing Open Banking solutions. The combination of the two services have created the first online biller in the country to offer a range of opportunities fuelled by bank data aggregation, according… Read More

December 9, 2019 @ 7:37 am By Omar Faridi  |  

Some of Hungary’s financial institutions might be forced to exit the market as they may not be adequately prepared to continue to compete with challengers from the Fintech industry. Traditional institutions are also facing increasing pressure due to declining revenues from a consistently low-yield environment,… Read More

November 13, 2019 @ 10:03 am By Omar Faridi  |  

A senior executive at CMS, a law firm working with the National Bank of Hungary (MNB) on its Fintech strategy, says Hungary is “behind everyone” when it comes to adopting the latest digital banking technology. The CMS executive stated: “Hungarians do not use sophisticated Fintech… Read More

July 17, 2018 @ 8:52 am By Samantha Hurst  |  

On Tuesday, Hungarian commercial bank MKB Bank announced implemented Oracle FLEXCUBE to become fully digital. According to MKB Bank, the core banking solution has been adopted by more than 600 financial institutions around the world, as part of a broader restructuring project to streamline its… Read More

November 3, 2017 @ 7:17 am By JD Alois  |  

Mobile first digital money transfer service WorldRemit has launched instant money transfers to Hungary. The new service lets anyone in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website. WorldRemit’s digital model allows migrants… Read More