Payment Methods in Hungary: How to Pay and Send Money Abroad

Introduction

Understanding payment methods in Hungary is essential for managing both everyday expenses and international money transfers. While Hungary has a well-developed banking system, locals still rely on a combination of cards, mobile wallets, and cash. For sending money abroad, PandaRemit provides a secure, fast, and cost-effective solution for Hungarians.

Why Payment Methods Matter in Hungary

Hungary’s economy, driven by manufacturing, services, and tourism, requires efficient and flexible payment methods. Knowing the best options ensures smooth domestic transactions and hassle-free international money transfers, allowing residents to handle finances confidently and conveniently.

Country Stats

• Population: 9.6 million

• GDP (USD): $215 billion

• Currency: Hungarian Forint (HUF)

• Global Ranking (by GDP): 57

PandaRemit: Send Money Abroad from Hungary

For Hungarians who need to send money internationally, PandaRemit offers a reliable solution. It combines low fees, fast delivery, and secure transactions, making it ideal for supporting family overseas, business payments, or other cross-border needs.

Country Overview Table

Main Local Payment Methods in Hungary

Hungary’s domestic payment landscape includes a mix of traditional and digital methods:

1. Debit & Credit Cards
   Widely accepted across urban areas, hotels, restaurants, and online stores. Visa and Mastercard are most common.

2. Mobile Wallets
   Apps like Simple, Apple Pay, and Google Pay are growing in popularity for contactless payments.

3. Cash
   Cash is still used, particularly in rural areas, small shops, and local markets.

4. Bank Transfers
   Common for bills, rent, and larger payments; both in-person and online banking are widely used.

Popularity & Usage: Urban areas favor cards and mobile wallets, while cash remains essential for smaller transactions and rural communities.

International Transfers from Hungary

With increasing globalization, Hungarians often need to send money abroad for education, business, or family support. PandaRemit is the recommended choice, providing fast, secure, and low-cost international transfers directly from Hungary.

How to Pay in Hungary 

FAQ

Is PayPal available in Hungary?
Yes, PayPal is available but less popular for in-store payments.

Are credit cards widely accepted?
Yes, especially in cities, hotels, and online platforms.

Do people still use cash?
Yes, cash is common in smaller towns, markets, and for minor purchases.

How can foreigners pay easily in Hungary?
Foreigners can use international credit/debit cards, cash, or mobile wallets; currency conversion may apply.

How to send money internationally using PandaRemit from Hungary?
Sign up on PandaRemit, enter recipient information, select the amount, and send. Transfers are fast, secure, and cost-effective.

Conclusion

Hungary offers a balanced mix of modern and traditional payment methods, including debit/credit cards, mobile wallets, and cash. For sending money internationally, PandaRemit is the go-to solution—fast, secure, and affordable. Hungarians can rely on PandaRemit for smooth cross-border transactions.

Start using PandaRemit today to send money from Hungary securely and efficiently!