profile

Country Snapshot: Hungary

Birthplace of one of our industry's industrious globetrotting photographers — JFK of FUBAR Webmasters — Hungary came to be regarded as one of the most prosperous emerging European countries after the fall of communism back in 1989.

Indeed, my initial reaction after having visited for the first time was that I was experiencing a dose of Übercapatalism: well-known brands competing for attention in the newly built shopping temples that would put many in richer countries to shame, and casinos in practically every neighborhood. I recall thinking that Lenin must be turning in his grave.

However, it would appear that Hungary's fall in light of the global credit crisis has been just as swift as its rise: it recently became the first European Union country to finalize an emergency rescue by securing $25 billion from the International Monetary Fund to avoid going bankrupt.

Hungary has a population of about 10 million people, 42 percent of which have access to the Internet at this time.

Before the credit crunch, Hungary had the fifth largest payment card market in Central and Eastern Europe in terms of cards issued. However, both the issue and use of credit cards are expected to slow down considerably in this new era of austerity, making phone billing one of the only viable billing mechanisms if you are to continue making money from such countries.

Indeed, Hungary was one of the first ex-communist countries to liberalize its telecom sector and introduce pay-per-minute and pay-per-call premium rate phone billing, with rates to up to FL720 per minute. That's about $3.57 in U.S. dollars as I write, but this figure will probably decrease as the value of the Forint continues to tumble.

For Hungarian surfers, we serve the less expensive FL288 per minute numbers to pay-per-minute customers and FL432 per minute numbers to all pay-per-access customers, all in their native language of Hungarian, considered to be one of the most difficult languages for speakers of English to learn well.

Hungary was one of the most popular tourist destinations in the world during the past decade, with its capital Budapest widely regarded as one of the most beautiful in the world. Its women are also beautiful; the countless models in Budapest's numerous strip clubs bear witness to this and the red-light district rivals that of Amsterdam. Sex sells, and Budapest knows it.

Another thing that struck me the most recent time I was there was the ususually high number of couples openly kissing one another. I viewed this as a sign of a wonderful place and look forward to one day returning to this amorous country.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More Articles

profile

Segpay Marks 20 Years of High-Risk Triumphs

Payment processors are behind-the-scenes players in the world of ecommerce, yet their role is critical. Ensuring secure, seamless transactions while navigating a rapidly changing regulatory landscape requires both technological expertise and business acumen.

Jackie Backman ·
opinion

The SCREEN Test: How to Prepare for Federal Age Verification

For those who are counting, there are now 20 enacted state laws in the United States requiring age verification for viewing online adult content, plus numerous proposed laws in the works. This ongoing barrage has been exhausting for many in the adult industry — and it may be about to escalate in the form of a potential new AV law, this time at the federal level.

Corey D. Silverstein ·
opinion

How to Master Team Dynamics for Business Success

Having the right team in place is everything. Whether getting a startup off the ground and thriving, or safeguarding an established company, the right — or wrong — people can mean the difference between a successful venture and a failed dream.

Juicy Jay ·
opinion

Eight Steps to Fast-Track AI Site Approval for Processing

Artificial intelligence is a hot topic these days. AI technology is speeding up the way we do business across all industries and offers numerous benefits, from automating processes to increasing efficiency and scalability.

Cathy Beardsley ·
opinion

How to Secure High-Risk Transactions With Network Tokenization

Ensuring the security of data as it moves through digital channels is the foundation of safe transactions, and crucial for your success. If your business can’t secure transactions, you’re exposed to myriad processing traumas.

Jonathan Corona ·
profile

WIA Profile: Reba Rocket

As chief operating officer and chief marketing officer of Takedown Piracy, long at the forefront of intellectual property protection in adult entertainment, Rocket is dedicated to safeguarding the livelihoods of content creators and producers while fostering a more ethical and sustainable industry.

Women In Adult ·
opinion

Protecting Content Ownership Rights When Using AI

In today’s digital age, content producers have more tools at their disposal than ever before. Among these tools, artificial intelligence (AI) content generation has emerged as a game changer, enabling creators to produce high-quality content quickly and efficiently.

Corey D. Silverstein ·
opinion

How Payment Orchestration Can Help Your Business

An emerging payment solution is making waves in the merchant world: the payment orchestration platform (POP). It’s quickly gaining traction as a powerful tool for managing online payments — but questions abound.

Cathy Beardsley ·
opinion

Fine-Tuning Refund and Cancellation Policies

For adult websites, managing refunds and cancellations isn’t just about customer service. It’s a crucial factor in maintaining compliance with the regulations of payment processors and payment networks such as Visa and Mastercard.

Jonathan Corona ·
profile

WIA Profile: Laurel Bencomo

Born in Cambridge, England but raised in Spain, Laurel Bencomo initially chose to study business at the University of Barcelona simply because it felt familiar — both of her parents are entrepreneurs. She went on to earn a master’s degree in sales and marketing management at the EADA Business School, while working in events for a group of restaurants in Barcelona.

Women In Adult ·
Show More