Next year's Hungarian Formula 1 Grand Prix will take place on July 19.Continue reading
The Hungarian Festipay cashless payment and integrated event management service system will be introduced by the Bahrain International Circuit (BIC), host of the season-opening Formula 1 race, the Hungarian company announced.
The Bahrain Grand Prix will be completely cashless this year. Visitors can choose to use their existing physical or digital debit cards or load cash onto a ‘BIC PAY’ plastic card at one of seven designated top-up kiosks or mobile top-up points.
Visitors using the card can redeem their unused balance at the end of the event.
Retailers will use Festipay’s integrated POS terminals for digital payment, product management, and stock control.
Festipay, founded in Hungary, is Central and Eastern Europe’s leading digital payment and integrated event management service provider for festivals, events, and venues, with a presence in 13 countries. In 2023, the company’s net sales reached HUF 1.2 billion (EUR 3 million), up from HUF 902 million (2.3 million) in 2022. The company’s after-tax profit in 2022, was HUF 62 million (EUR 159,494), while last year’s figure is not yet available.
The company employs ten people, but at festivals such as the Sziget Festival, the number of seasonal staff is between three and four hundred.
Hungarian fans will have to wait until July 19-21 to experience the Formula 1 tournament in person. As it was previously reported by Hungary Today, the race in Mogyoród, near Budapest, is by far the cheapest, with tickets costing EUR 188. Bahrain is third on the imaginary podium with EUR 240, and Japan is the second with EUR 239. It is almost certain that just like last year, the U.S. races will be the most expensive, even if there are promises of some price reductions. Tickets for the Hungaroring this year will cost on average 12.5 percent more than in 2023.
Via MTI, Featured image via Facebook/Bahrain International Circuit