The most popular PayPal money transfer app in Hungary

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According to findings from UK consumer and personal finance research site NimbleFins, PayPal Mobile Cash is the most popular money transfer app in Hungary based on downloads from the Apple App Store, just like in 21 other European countries.

The study notes that mobile money transfer platforms are on the rise, with more than $ 160 billion in remittances leaving European countries each year. Along with well-known brands like PayPal and Western Union, fast-growing startups like UK fintech Revolut are vying for customers across the continent.

In Hungary, PayPal is followed by Revolut, the UK peer TransferWise coming in third in terms of downloads. The fourth most popular money transfer app is Skrill, with WorldRemit completing the top five.

While the scene is dominated by PayPal in most countries, Russian and Ukrainian users tend to go for the Russian payment service provider QIWI Wallet, while several countries like Ireland, Poland and the Czech Republic prefer Revolut to their competition.

The full research is available online, by following this link.

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