DOMINANT ANGLE
Budapest is deciphering the outage through the Revolut client: payments, transfers and withdrawals are blocked, with Google Cloud designated as the cause by the bank.
Dominant angle identified — does not reflect unanimity of this country’s media
KEY POINTS
- 01
Index: the Revolut spokesperson attributes Tuesday's outage to the Google Cloud failure and assures that customer money and data are secure.
- 02
According to Index, the outage began shortly after 8 am, local time, in Google's europe-west2 region in London, and most services were restored after 2 pm.
- 03
444, citing Portfolio: transfers, exchanges, card payments, and withdrawals are failing on both Android and iOS, which "indicates a central issue".
ANALYSIS
Budapest, October 20, 2026. The Hungarian press is covering the outage from the perspective of Revolut users and their blocked operations. Index and 444 describe an application that came to a halt on Tuesday, October 20, in the morning: according to Index, clients could no longer exchange money, make transfers, pay by card, or withdraw cash.
Index obtained an explanation for the outage from Revolut's spokesperson: the failure of Google Cloud. The cited message states: "We can confirm that our clients' money and data are secure," and the bank says it is working to repair the issue while apologizing to those affected. The site specifies that the outage began shortly after 8 am, Hungarian time.
The technical account is taken from Google Cloud's status page: several services in the London-based europe-west2 region, which primarily serves British and Irish clients, went down. An electrical power issue shut down a zone in the region, and then errors and network disruptions appeared elsewhere in it. Google corrected the power issue, and most services were restored after 2 pm, Hungarian time.
444 initially relays Reuters, which reports that the incident at Google is the origin of Revolut's outage, then takes up Portfolio for details on the malfunction. The text notes that the outage affects both Android and iOS, which "indicates a central problem." In the application, an error window appears when opening, the converter no longer calculates amounts, the validation buttons are inactive, and transfers from other banks do not arrive. Store terminals refuse cards, and ATMs do not dispense anything.
The provided articles focus on user service and the chronology of events. They do not address the affected British banks and public services, nor the debate on dependence on a few American cloud providers.
