K&H Bank and Mastercard have extended their exclusive strategic collaboration through 2030, aiming to further develop Hungary’s digital payments ecosystem and to build on the results of their cooperation over the past five years.
Scope of the renewed agreement
The renewed partnership will prioritise increasing payment security, enhancing personalised digital financial experiences for consumers and businesses, and introducing new technologies including AI-based solutions. The parties will also focus on educational programmes that promote financial awareness and initiatives that improve customer experience, such as music- and festival-related programmes.
Reach and current figures
Together, K&H Bank and Mastercard will make advanced digital payment and cybersecurity solutions available to nearly 1.1 million K&H customers. More than 750,000 customers actively use the bank’s mobile banking services, and roughly half a million bank cards have been digitised into various mobile wallets.
Past results and recognitions
Over the last five years the cooperation has played an important role in spreading contactless and digital payments in Hungary. The partners have introduced digital wallet solutions and several new payment experiences in areas such as public transport and employee benefits (cafeteria).
The collaboration has also been recognised within the industry. K&H Bank has been awarded multiple times in Mastercard’s “Bank of the Year” programme. In 2026 the bank received awards in the Easy and Comfortable Banking and Corporate Social Responsibility (CSR) categories, and it was also honoured for its "Beyond Banking" solutions.
AI initiatives and Agent Pay
The two companies are working on the next generation of AI-driven payments using Mastercard’s Agent Pay solution. The first transaction using this technology was successfully completed in a closed testing environment. In the next development phases the partners aim to make payments more convenient, secure and intelligent for customers in Hungary.
Executive statements
"The renewed collaboration is an important milestone for us as it creates new opportunities to offer even more convenient and modern digital financial solutions to our customers. In recent years digital payments have become a natural part of everyday life, and our joint developments with Mastercard have played a decisive role in that. In the coming period we will strive to align technological innovations even more closely with customers’ real needs. We want to create services that are simple, fast and easy to use and that tangibly make everyday banking easier," said Peter Roebben, CEO of K&H Bank.
"Our partnership with K&H Bank demonstrates how strategic collaborations can contribute to a rapid and meaningful transformation of financial services. Over the past five years we have made a number of innovative payment experiences available to Hungarian consumers, and we want to build on these results going forward. Our goal is to make payments increasingly frictionless, secure and personalised while supporting the further development of Hungary’s digital economy," added Peter Bakenecker, head of Mastercard’s Central Europe division.
What this means for users
Practically, the renewed partnership is expected to result in faster, simpler and more customisable payment solutions, stronger cybersecurity offerings and a broader range of financial education programmes. These developments will be particularly relevant for customers who frequently use mobile banking or digital wallet services and for businesses seeking to provide more modern payment experiences to their clients.
By maintaining the partnership, K&H Bank and Mastercard will continue to concentrate on advancing digital payments and expanding the payments ecosystem in Hungary in the coming years.
