Bahrain, 21 February, 2024 – Bahrain International Circuit (BIC) is proud to announce its transition to a cashless payment system with the introduction of BIC PAY, powered by Festipay. This innovative solution revolutionizes the payment experience for attendees, offering seamless transactions and enhanced convenience throughout the Grand Prix weekend. Celebrating the 20th anniversary Celebrating the […]
Running from February 15th to 18th and jam-packed with some of the top artists from across the world, Untold Dubai was the first festival in Dubai, where Festipay was providing integrated event management, cashless payment and festival access, along with front end sale solutions. Among the top 3 in Europe, now also in the Middle […]
In the ever-evolving landscape of financial technology, the shift towards cashless payment trends in 2024 has been nothing short of revolutionary. As we step into 2024, the momentum behind this transformative trend shows no signs of slowing down. Here are some predictions for the cashless payment landscape in the coming year. Predictions for the cashless […]
Introduction The festival experience has evolved significantly over the years. Beyond the music, attendees now expect seamless, hassle-free access management and cashless payment options. In Central Europe, particularly in Hungary and Romania, one company has been at the forefront of this transformation: Festipay. With a strong presence at some of the biggest festivals in the […]
Festipay is a cashless payment system that is used primarily at festivals, in the general hospitaliy sector and events. It was launched in Hungary in 2015, and has since expanded to other countries in Europe and Asia. Festipay offers a cashless payment solution for festival-goers, which allows them to make purchases using a wristband or […]
We live in an age where instant gratification is now the rule, not the exception. With the emergence of artificial intelligence (AI) like Siri and Alexa, we have answers and information at our fingertips instantaneously. Newer generations thrive on instant responses and the ability to complete tasks with the press of a button. As technology […]
Behind every successful company is a fantastic team and a great teamwork. This is no different in the case of FESTIPAY integrated event solutions, which is why we are particularly proud that Festipay is included among the 20 most promising Hungarian fintech companies this year again, for the third time in a row. Festipay regularly […]
The 2022 festival season started with gastro festivals this year again. On the second weekend of May, the X. Food Truck Show Hungary was held in Budapest, Kincsem Park. The wide variety of street food is a great addition to horse races. Festipay’s cashless payment has been a must-have in events like this, because it […]
FIRST EDITION OF NEW FESTIVAL The first edition of BEACH, PLEASE! festival will take place in Costinesti Beach, Costinesti, Romania between April 29 – May 1. The first edition of the Beach Festival, Please! is announced to be the largest event dedicated to hip-hop & trap music organized in Romania. Bringing on the same stage both […]
This past summer saw a resurgence of travel throughout Europe, as national COVID vaccination programs began to increase. Travellers once again were able to resume their activities, albeit with some changes to their routines. Rising limits As cash is identified as a potential transmission vector for the virus, transactions are still encouraged to be completely […]
Let us invite you to the 1st Singapore Hungary Fintech Business Forum on 12 Nov 2021 as part of Singapore FinTech Festival (WFF) Organised by Embassy of Hungary in Singapore together with Singapore FinTech Association (SFA) in partnership with the Hungarian Central Bank (Magyar Nemzeti Bank), Hungarian Fintech Association Magyar Fintech Szövetség, Monetary Authority of Singapore (MAS), Enterprise Singapore and PwC Singapore. Supported […]
Festipay a Hungarian fintech company founded in 2015, has gained the leading position in providing cashless payment systems in Romanian festivals in addition to Hungary. During 2021, Festipay was present at all the major festivals in Romania delivering its innovative solutions for cashless payment and integrated event management. In past years, Festipay has provided integrated […]
“Back to Life” After two years without any major festivals, the events industry (including us at Festipay) has massively suffered. Therefore, it is a special honour for Festipay to announce our newest cooperation with Electric Castle, (EC) which is one of Romania’s largest and best known festivals. EC is taking place at the stunning Bánffy […]
There are multiple payment options available for businesses, which can create confusion and unnecessary costs. In this blog post we will provide rationale behind some of the available payment options, and why searching for a more innovative solution may be worthwhile. For example how to accept card payments without a traditional POS terminal. Stay tuned […]
UNTOLD Festival will be held from 9th of August – 12 of August this year, in Cluj -Napoca and will gather for the first time in Romania, on the same stage four of the most beloved electro-dance -music artists worldwide. Untold Festival is the major project of the European Youth Capital – Cluj-Napoca program, organized […]
Budapest: a destination with a difference Two things that make Budapest a destination with a difference is Sziget Festival and the thermal baths. Festipay is proudly present in all of these tourist attractions, providing cashless payment solutions. You find pretty much info about Sziget Festival on the internet, and we also have written quite a […]
CONTACTLESS payments are set to increase and becoming a more preferred payment method in countries where these methods were not very popular earlier, things have changed amid the spread of COVID-19. Contactless and digital payment methods require less physical interaction and are more secure. US buyers reconsidering their payment methods Americans have begun to reconsider the […]
The ongoing effects from the global COVID19 pandemic has fundamentally changed our world, both positively and negatively. With increased focus on virus transmission vectors, cashless payment have benefitted hugely from the pandemic. Studies show that the percentage of cash transactions within American retail stores have decreased from over 50% in 2015 to less than 30% […]
We are pleased to inform everyone that the tender number EXP2020-NEP-000263 submitted by Festipay Zrt. received non-reimbursable support as follows: Amount of support requested by the applicant: HUF 49,897,590 Amount of support granted: HUF 49,897,590 Support intensity or amount: 60,00% The main goal of Festipay Zrt. is to become a market leader service provider in […]
The cruise ship segment has enjoyed steady growth for many years, up until the COVID19 global pandemic prevented all but essential travel. The size of cruise ships has also grown significantly, with the largest vessel (Symphony of the Seas) over 300 meters long and handling 6,680 guests plus a large amount of crew members. Essentially […]
As we enter in the new year and the introduction of the coronavirus vaccine is accelerating, we all hope that in 2021 the festivals and live events will return. We already know that event attendees are hoping to return to their party venues. This is backed up by strong event sales that are already happening […]
The increasing development in the digital economy worldwide proves that cooperation leads to success. In 2018, the Embassy of Hungary in Jakarta decided to give a boost to the already strong economic ties and to develop new partnerships between the Hungarian and Indonesian businesses by organizing the first HunIndoTech Business Forum in Jakarta. The great […]
Three leading Hungarian fintech companies, Cellum, Cardnet and Festipay are working with MasterCard on an exciting project that could be as revolutionary within the payment market as smartphones in mobile telephony. During these unusual times, the widespread acceptance of contactless payment options is particularly important and is becoming actively encouraged. Bank coins and notes passing through […]
Dirty banknotes may be spreading the coronavirus, use contactless, World Health Organisation warns public. As it was published yesterday, people have been warned to wash their hands after using banknotes – and if possible to use contactless payments instead. Chinese authorities last month ordered banknotes to be disinfected over fears they could be spreading Covid-19. […]
The decade ahead is one anticipated to be swept with technological disruption, as we are digitising every aspect of our day-to-day lives. The way we pay for things makes no exception. GlobalData, a leading data and analytics company has forecast which countries will most likely be the leaders in moving towards a truly cashless society. […]
State scheme introduced to encourage cashless payments in Japan Under the initiative, consumers are collecting reward points when using cashless payments in Japan. Therefore customers earn 2% or 5% of their purchases that are not in cash, including credit card payments, at points of purchase. The government has begun to provide stores with support for […]
Festipay has provided #cashlesspayment solutions at The Carnival, Europe’s biggest street food event located in Bucharest, Romania since the beginning. We were there this year again between 6-8 September! It’s not a festival, it’s a Carnival The biggest street food event in Europe with many exciting activities, concerts, sports, games and of course delicious food and drinks. Spice […]
Echowaves is an Electronic Music Festival, which was launched in August 2018 at the Black Sea coast – resort Anaklia. The area is distinguished by its unique climate, impressive views, and the beautiful coastline. Echowaves is powered by Exit which holds the title of Europe’s bests festival of 2014. Cashless payment is being managed by […]
Here at Festipay the festival season is well and truly underway. As well as delivering or world class event solutions, Festipay is embracing Plastic Free July. For the integrated entry and cashless payment, we use R-PET wristbands for major festivals in Romania. NEVERSEA, on the beach beside the Black Sea, was the first festival, where […]
About 143,000 visitors used Festipay‘s integrated event management solutions this year at Telekom’s VOLT Festival. In order to maximize the comfort and safety, Festipay first appeared in Hungary in 2018 with an integrated entry-payment solution that allows users to use a single radio frequency identification chip for entry and payment. This year, all Festipay-hosted major […]
Festipay is on a fantastic new mission. The Hungarian fintech enterprise have been asked to provide cashless payment solution in one of the most high-end beach clubs of Belgium. With BAOUZZA BEACH TERRACE in Bilzen, Belgium a new country appeared in the Festipay-universe. This is especially important for many reasons. One of them is the […]
By 2019, Festipay has become one of Europe’s leading event management solutions providers, already being present in 8 countries. Our services range from access control through ticketing, cashless payment, to couponing and brand activation. Our references include large scale festivals, spas operating all year, ski events and event venues of different sizes and audiences. Newest […]
Festipay has come this far within a few years, we have been providing event management solutions in 7 countries! Our company is continously expanding, and soon we will announce our newest addition. By 2019, Festipay has become one of Europe’s leading event management solutions providers. Our services range from access control through ticketing, cashless payment, […]
Those days are over when people bought bonbons and warm socks for each other. Why not get your family and friends something unique that will materially improve their lives? Check out some fintech gift ideas – and of course, stay cashless, use contactless! 1. Cryptocurrency wallet For those who are into cryptocurrencies, a physical wallet that […]
Since 2015 in Cluj-Napoca Untold Festival is Romania’s largest music festival. From the beginning, the organizers sought a cashless payment service provider that had already given proof of its competence at several large events. It was primarily our Sziget Festival references that convinced them that FESTIPAY would make a good choice. The reliability and customizability […]
Hungarian fintech company Festipay’s latest success is to provide integrated event management in a brand new market, Georgia. Located at the crossroads of Western Asia and Eastern Europe, this Eurasian country represents a connection between East and West, making this new destination an important milestone for the fintech company specialised on cashless payment devices. With […]
Gourmet Festival May 17-20, Millenaris Park Budapest Gourmet Festival, the most exciting gastro event of Hungary is on! And for the first time in Hungary, Festipay has introduced its integrated cashless payment solutions. ID access and payments are both provided by a single, chip-based wristband. It ensures higher transparency for vendors and higher service standards […]
This year’s grand launch in Hungary, the integrated payment system Eastern Europe’s most sought-after cashless payment provider, Festipay has been testing its integrated payment system for a couple of years now. This summer they’ve got to the point where all the region’s major music festivals are using the Hungarian fintech company’s wristbands. These new wearables […]
40% increase in contactless transactions The number of contactless transactions at festivals last year increased more than third compared to 2016. According to data published by Festipay, 2016’s figure was already a substantial amount, 7 million. However, last year festival-goers paid via contactless transactions 10 million times. There has been a considerable increase of 40%, also in […]
Festipay expects 10 million contactless transactions, introduced an integrated solution at the Neversea festival, and enters the Italian and Scandinavian markets Budapest, 18 July 2017. – Festipay has closed a very busy first six months in 2017: several new Hungarian and international festival organizers decided to choose Festipay cashless payment solution. The company introduced an […]
A festival experience highly depends on how the services provided to visitors make their lives easier. Cashless payment is nothing unusual for festival goers. They have no problem with having to buy their cards and top them up according to their needs and budgets. Many people do not like to top up their festival cards […]
The Contactless Payment Nautical Bracelet is the latest offer for summer festivalgoers. You can pay conveniently, simply and quickly with the payment bracelet at the festival. The product is waterproof and washable! There is a built in chip, which is under the colorful 2-cm wide stripe next to the festival tag. When paying, touch the bracelet’s chip to […]
30 June 2017 – The first six months of 2017 have been busy for Festipay. Several local and international festival organisers and companies have decided to choose Festipay’s cashless payment solution. These new projects include the Paskál Thermal Baths, Lake Lupa, the Afterhills Festival and Közgáz Season-closing Festival. While Hungarian festivals definitely lead the way […]
Most of the festival visitors prefer cashless payment. It is a convenient, quick and safe way, not to mention that it is more transparent for the organisers. Visitors have got used to it that they can pay with a card issued by the organiser or with a bank card. There are companies that have realised […]
Budapest, 7 May 2017 – The festival season of 2017 traditionally started with Gastro Festivals for Festipay: the first weekend of May, the 5th Food Truck Show Hungary was held and at the end of April the Hú!SVÉT gastro event in Palkonya was held cashless with Festipay. The Food Truck Show was held for the […]
Hungary brings a tradition of innovation to CeBIT, the world’s state-of-the-art technology expo Hannover, 24/03/2017. – Festipay participated in the Global Event for Digital Business – CeBIT 2017 held in Hannover, Germany on March 20th until 24th. CeBIT, the giant technology trade expo held each year in Hannover, Germany, is regarded as the largest event […]
The number of contactless transactions at festivals this year increased one third compared to last year, according to data recently published by Festipay Zrt.: while last year’s figure was 5.5 million, this year festival-goers paid via cashless solutions 7 million times. More than 3 million contactless transactions were executed at the largest music festival in […]
Budapest, August 23 2016. – Sziget Festival, which is the largest musical festival of the region, almost half million visitors completed more than 3 million card transactions during the 7 days of the festival. This year the number of bank card payments has almost doubled. The Festipay Prepaid MasterCard, presented at the Sziget Festival for […]
1. Multiple genres In the 90s or even in the 00s it was hard to find a festival which did not focus on one genre. These days most major festivals offer all kinds of music, and not just because the rise of DJ culture. Diversity of genres on these events became a major selling point – […]
Budapest, June 13, 2016 – Festipay provides cashless payment solutions to five different Romanian festivals this year. The first one of the season was the first Bucharest Gourmet gastro festival. Festipay entered the Romanian market in 2015 by working with Untold Festival in Cluj. Along with the most popular Hungarian festivals (Sziget, EFOTT, Volt, Balaton […]
Budapest, May 20, 2016 – The total money spent by customers and the average amounts deposited onto festival cards rise year by year on the Gourmet festival; this year, it was a 25% rise based on data released by Festipay. Numbers indicate that the number of contactless bank card users on the gastro festival has […]
There could be one quarter again as many card transactions at this year’s festivals Budapest, April 12, 2016 – Festipay expects the number of cashless transactions to reach 7 million at this year’s festivals, representing a considerable increase of 27% compared to last year’s 5.5 million. In Hungary, the proportion of electronic payment solutions grows […]
240 thousand visitors, 170 performers, and roughly 600 thousand card transactions: these figures are the best descriptors of the Untold Festival organized for the first time in 2015 and instantly designated the best grand festival in Europe. We at Festipay pride ourselves with the fact that our cashless payment solution helped about a quarter of […]
Budapest, January 27, 2016 – Leading bank-independent electronic solutions provider Cardnet and Hungary’s top festival organizer Sziget LLC. have launched a joint company. This unique initiative combines the experience of the internationally renowned festival organizer with the expertise of the cashless payment provider. The new company will aim to become a key player not only […]
On 13 January 2016 the best European festivals were awarded at the prestigious European Festival Awards in Groningen, Netherlands. Three partners of cashless payment service provider Festipay were announced as the best of their respective categories. Untold Festival, which is held in Cluj-Napoca, Romania, was named the Best Major Festival of 2015. Telekom VOLT Festival […]
Cardnet Co. and Sziget Kulturális Menedzser Iroda Ltd. have established Festipay joint venture on November 8, 2015. The Hungary’s leading, bank-independent electronic transaction provider and the leader festival organizer in the CEE region (Sziget, Balaton Sound, VOLT) provide comprehensive cashless payment solutions for festival organizers in Hungary and other countries as well. We serve reliable and […]
The number of contactless payments increased by 93% at VOLT, Balaton Sound and Sziget Festivals in 2015 Ingenico Group, the global leader in contactless payments, and the leading independent payment supplier in Hungary, Cardnet Zrt., are unified to note contactless payments wide adoption by consumers at the Sziget Festival, Balaton Sound Festival and VOLT Festival. […]
Festipay, the contactless paperless system, a proven solution, will be implemented for the first time in June 27 in France on Prado beach in Marseille. Festipay is the Cardnet’s self-developed intelligent contactless payment service. As a result of a remarkable technological innovation, Sziget was the first festival in the world where cashless payment has been […]
Sziget Festival has broken a record with more than 400,000 visitors in 2014. Sziget has been cashless for years, but this summer it has switched to Cardnet, Hungary’s leading payment card provider. The Festipay solution from Cardnet has seen a remarkably successful season, with Sziget being the fifth festival in a row this summer using […]