Hungary sees surge in foreign online bank card transactions

For the first time, the number of online bank card transactions made by Hungarians abroad has exceeded domestic transactions. According to analysis from BiztosDöntés.hu and data from the Magyar Nemzeti Bank (MNB), foreign online card payments reached 60.8 million in the second quarter, a 23 percent annual increase. In comparison, domestic online card transactions grew by 9.1 percent to 59.5 million.

The value of foreign online transactions grew by 30.2 percent, surpassing 1,458 billion forints. This figure includes significant activity involving the topping up of accounts with foreign fintech financial service providers via card transactions.

Additionally, non-internet card purchases made abroad saw substantial growth. In the second quarter, these transactions reached nearly 16 million, representing a 29.5 percent increase compared to the previous year, with a total value of 211.7 billion forints.