A new era in instant payments is emerging in Hungary, driven by NFC technology and digital convergence. In this article published in Hungarian, Transaction Systems’ Product Director for e-Payments, Igor Szpirin, explores how contactless payments and the integration of digital wallets are becoming part of everyday transactions.
The article also examines how the upcoming AFR 2.0 rollout—featuring mandatory request-to-pay services and updated QR code standards—is set to transform the financial ecosystem. The rise of digital wallets and advancements in instant payments promise improved user experiences, while also raising important questions around data security and regulation.
The article is based on an excerpt from Igor Szpirin’s presentation at the PayTechShow, held in Budapest on April 15, 2025. You may read the full article here