BudaPay was founded in 2013 to introduce the PrePaid Mastercard® or „reloadable” Mastercard to the Hungarian market, a product which is widely popular abroad but is virtually unknown in Hungary. The BudaPay PrePaid Card offers 4 currencies: Hungarian Forint, Euro, British Pounds, and USA Dollar.
BudaPay holds all licenses which are necessary for the PrePaid Card sales, therefore cardholders can be assured that their money is safe with BudaPay. We are the only registered hHungarian agent of the bBritish Prepaid Financial Services Limited (PFS).
PFS was founded in 2007 to provide bank independent PrePaid Cards to those, who desire simple but safe and reliable payment alternative to the regular bank cards. PFS is present in most European countries and is issuing cards to SEPA countries and has million of satisfied customers worldwide.
Our activity is strictly controlled by both Hungarian and British financial authorities, as part of the PFS group we aim to deliver the best service at all times, to serve our customers with the highest standards on an international level.
BudaPay is outstanding in Hungary because:
- The first PrePaid Card company registered and regulated by both Hungarian (MNB) and English (FCA) financial authorities for the card sales
- The first MNB (Hungarian Financial Authority) regulated bank independent PrePaid Card company in Hungary
- The first PrePaid Card offering 4 currencies in Hungary, including Hungarian Forint
- The first bank independent PrePaid Card offering English and Hungarian language Customer Service
- Full online (e-Wallet) and offline (by SMS) funds management
- iOs and Android secure mobile applications in Hungarian and English language
- Our website security complies with the highest level of EU and NATO standards, and our websites are regularly tested for security and maintained daily by leading Hungarian IT security professionals, who were top advisors for the Hungarian NSA.
What we offer:
- Stable and safe payment system: our payment system’s stability and quality is guaranteed by the BudaPay Mastercard license. Mastercard guarantees that BudaPay complies with the strictest international financial standards.
- Low Card Fees: transparent fee structure, without any hidden charges – low rates are guaranteed for long term. The BudaPay card balance can never go into negative balance, therefore ideal for budget control
- Transaction history: transactions can be viewed by daily, weekly and monthly breakdowns. The system regularly creates a report summary from the transactions and verifies them
- Short response time: during work hours our Customer Service is available to assist you right away. Out of working hours you will be able to leave us a message, which will be replied on the following workday. We will answer emails on the same day, or latest on the following working day
- 1 BudaPay Card and up to 3 partner cards: we offer PrePaid solutions for the whole family: order up to 3 partner cards and share your money within your family! Cards can be issued from 14 years –ideal for teens instead of pocket money.
- Multiple loading options: BudaPay cards can be loaded by bank transfer, by cash deposit at any OTP branch in Hungary, or by loading with a bank card or credit card. In the United Kingdom the cards can be loaded at any Royal Mail post office, Payzone Network and by wage transfer from the employer.
- Favorable exchange rates: There is no need to buy foreign currency when travelling abroad: BudaPay offers competitive exchange rates on all cards and currencies.