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Hrvatski Telekom launches m-banking service in Croatia

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The UK financial technology company Revolut also confirmed to daily Poslovni Dnevnik that it plans to offer its services in Croatia.

Davor Tomašković, HT’s chairman, says their entry into the field of digital banking is a good example of operator transformation. “I’m confident that users will quickly recognize the value of their simple and rapid management of their own finance provided by Telekom Banking, and that this innovation will result in the best user experience,” says Tomašković.

HT, as well as A1 Croatia, wants to enter banking for a long time. But as other telecoms, due to regulatory barriers to entry into the domestic financial market, was more inclined to partner with banks.

Meanwhile, the situation in banking throughout the EU and in us has changed significantly due to the pressure of the European Commission and the introduction of open banking. The first step was made by HPB two years ago offering the ability to open accounts online.

Recently, Erste Bank has offered a simple mobile application for the transfer of money from KEKS Pay, and this week, one of the two largest mobile banks in Europe, Revolut, announced the arrival to Croatia by the summer. Claudio Cesario, Deputy Governor of Zabe, says they want to offer more clients. “As a market leader, ZABA and HT are introducing new trends,” concludes Cesario.

According to marketing director Andreas Kapsos, the official launch will take place in the next few months, as soon as support for the Croatian currency is added.

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