What is qvik?
qvik is the Magyar Nemzeti Bank's instant payment brand, launched in September 2024 on top of the AFR system. Shoppers pay by QR code, NFC tap, link or payment request in their banking app. It reached 3.7 million transactions in Q1 2026, up 22.1% in one quarter.
In detail
qvik is the Magyar Nemzeti Bank's instant payment brand, launched in September 2024 on top of the AFR system. Shoppers pay by QR code, NFC tap, link or payment request in their banking app. It reached 3.7 million transactions in Q1 2026, up 22.1% in one quarter.
How people pay in Hungary in 2026
Card purchases at domestic providers rose 10.2% to nearly 2 billion, and a quarter of them were made with a phone. The MNB's own instant payment brand, qvik, is the newest piece.
Payment by bank transfer in Hungary
On top of AFR, the central bank launched qvik in September 2024, a common standard for paying by QR code, NFC tap, payment link or request to pay from any Hungarian banking app. Take-up was slow at first, but it accelerated in 2025. More than 32,700 merchants accepted qvik at the end of Q3 2025. qvik then carried 3 million transactions in Q4 2025, 4.5% of instant transfers, and 3.7 million in Q1 2026.
More detail in our #PayWorldTour guide Payment methods in Hungary.