Capsys has nearly a decade of experience with Instant Payment Systems (IPS), a level of expertise that already played a key role from the early planning stages of Hungary’s Instant Payment System back in 2017.
From the initial design phase onward, Capsys provided strategic support as a lead expert to major Hungarian commercial banks, contributing to their architecture and solution design processes. Beyond this advisory role, we also played a central part in implementation, delivering critical, unique products that significantly enhanced banking architectures. These contributions ensured market-leading solutions and reliable, high-availability operations for our clients.
Capsys had a prominent role in the launch of the Hungarian Instant Payment System (IPS), contributing to the two largest implementations in the country. We are proud to state that approximately two-thirds of all Hungarian IPS transactions are supported by services designed, developed, and implemented by Capsys.
Since the system's official launch on March 2, 2020, Capsys has been committed to unlocking new payment use cases leveraging the IPS infrastructure, further promoting the adoption of instant transfers. In line with this vision, Capsys launched an innovative R&D project in 2020 to explore how instant payment solutions can be applied in everyday payment scenarios.
Building on the outcomes of this research, we developed and successfully pilot-tested a unique payment ecosystem that integrates NFC, QR code, and deep link technologies—delivering a unified user experience across all payment situations.
In 2022, the Hungarian National Bank (MNB) announced the regulatory package for IPS 2.0, which includes the introduction of payment solutions based on a Unified Data Entry Interface, incorporating NFC, QR code, and deep link data transmission. As a result of this initiative, on September 1, 2024, “qvik” officially launched, marking another milestone in the transformation of Hungary’s central payment infrastructure.
Capsys, a long-standing key contributor to the financial sector, supported its clients throughout this transition, ensuring a smooth go-live and delivering value both to their institutions and to the end users of this new payment solution.
