Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says... More
Hungary
Deutsche Telekom shuts down NFC SIM-based mobile payments service in Germany
Deutsche Telekom has discontinued its NFC-based MyWallet mobile payment service in Germany, citing a lack of customer use and doubts over whether a SIM-based solution is going to be adopted as a standard in light of “internationally competing companies” investing heavily in competing approaches... More
Hungary’s national bank to launch instant payments through mobile phone numbers
A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient, with transactions completed “in a matter of seconds”, has been approved by the country’s Financial Stability Board... More
Contactless festival payments up 33%
Some 7m contactless payments were made at festivals this year using Hungarian company Festipay’s cashless payment service, an increase of a third on the previous year... More
Mastercard brings biometric authentication to 12 European countries
European consumers can now validate online purchases with their fingerprint or face using Mastercard’s biometric authentication service... More
Hungarian festivals to see 7m cashless payments this year
The number of cashless transactions at Hungarian festivals will reach 7m this year, representing an increase of 27% compared to last year’s 5.5m, research from Festipay predicts... More
Telenor Wallet adds MasterPass
Customers of Hungarian mobile network operator Telenor can now make online and in-app payments using Telenor Wallet and MasterPass... More
MasterCard reports 150% increase in contactless transactions in Europe
More than one billion contactless MasterCard and Maestro transactions were processed in Europe in 2015, up 150% on 2014, MasterCard reports... More
MyWallet NFC payments service put on hold in Slovakia
Mobile network operator Slovak Telekom, majority owned by Germany’s Deutsche Telekom, is shutting down its MyWallet NFC service on a temporary basis... More
Vodafone adds MasterCard to NFC wallet
Vodafone Wallet users in Europe will be able to make payments with their NFC phone using MasterCard cards “within weeks”, the mobile network operator has announced... More
Cipurse NFC tickets launch in Hungary
Hungarian carrier Magyar Telekom has launched an NFC service that marks the first commercial deployment of Cipurse, an open ticketing standard developed by the OSPT Alliance... More
Magyar Telekom launches NFC in Hungary
Magyar Telekom, a subsidiary of Deutsche Telekom and a member of the Hungarian Mobile Wallet Association, has launched the MobilTarca NFC mobile wallet in Hungary after a successful pilot that began in July last year... More
Hungarian Mobile Wallet Association reports NFC pilot results
Participants in The Hungarian Mobile Wallet Association’s MobilTarca NFC pilot made 41,000 payments valued at more than 120 million HUF (US$525,000) during the first 12 months of the trial, the association has revealed... More
Slovakia gets NFC payments
Deutsche Telekom’s MyWallet NFC platform is now available to customers of Slovak Telekom, a Slovakian carrier majority owned by Deutsche Telekom... More
OTP Bank launches mobile payments in Hungary
Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register... More
Deutsche Telekom launches NFC mobile wallet in Germany, with Slovakia and Hungary to follow
Deutsche Telekom has launched MyWallet, an NFC service that allows customers with any of 18 supported Samsung and Sony Android NFC devices to make payments at MasterCard PayPass merchants... More
Hungarian mobile wallets get NFC event ticketing
The NFC mobile wallet being tested by Hungarian carriers Magyar Telekom, Vodafone and Telenor with MasterCard, OTP Bank and loyalty scheme operator SuperShop is expanding its range of services to include ticketing for live events and access to sports facilities... More
Positive reaction sees Hungarian mobile wallet ready for market
Eight out of ten testers of the Hungarian mobile wallet pilot project have found the service “very useful” prompting the Hungarian Mobile Wallet Association — an alliance between mobile network operators Magyar Telekom, Vodafone and Telenor with MasterCard, OTP Bank and SuperShop — to declare the MobilTarca wallet ready for market... More
Hungarian national NFC service enters pilot testing phase
The Hungarian Mobile Wallet Association, an alliance between mobile network operators Magyar Telekom, Vodafone and Telenor with MasterCard, OTP Bank and SuperShop, is launching a pilot to test a new NFC mobile payment solution in the country... More
Bookstore Libri pilots NFC service in Hungary
An NFC mobile shopping application developed by mobile financial services provider SafePay Systems has achieved an overall satisfaction rate of 90% with shoppers who used the service during a pilot at Hungarian bookstore chain Libri — and 96.4% said they would recommend the service to a friend... More