Name
Global FinTech Guide
Country _ Name
Slovenia
SectionTitle
Payment services
Body
FinTechs belonging to this category offer alternative payment services which are supposed to provide a faster and cheaper way for national, European, and international payments for private and business customers by using new technologies.

For example, payment service providers hereby offer solutions to easily integrate several payment services in online shops.

Some FinTechs furthermore provide real cash register systems and online-reservation solutions for restaurants and shops providing their own payment services or making use of the payment services of FinTechs described above.

Introduction

Attitude of the country towards modern payment services

Modern payment services are widely used in Slovenia and continue to grow. According to the National Payments Council (NPC) the development of the payments market in Slovenia is being largely influenced by technological advancements, which facilitate the creation of innovative electronic payment methods. There is a planned focus on ensuring that electronic payment methods are accepted universally at points of sale, reflecting a broader trend towards digitalization.


Legal affairs

Obligations and requirements to provide payment services or ancillary services described above

In Slovenia, payment services may be provided by (i) banks; (ii) electronic money institutions; (iii) electronic money institutions with a waiver; (iv) payment institutions; (v) payment institutions with a waiver; (vi) account information service providers; (vii) the Bank of Slovenia, (viii) the Public Payments Administration of the Republic of Slovenia and other government and local authority bodies in Slovenia.

Banks, electronic money institutions, payment institutions and waived payment institutions established in Slovenia are required to obtain an authorisation to provide payment services from the Bank of Slovenia in accordance with the Banking Act and the Payment Services, Services of Issuing Electronic Money, and Payment Systems Act. Payment services may also be provided in the territory of the Republic of Slovenia by payment service providers established in another EU Member State on the basis of a notification sent to the Bank of Slovenia by the competent authority of the entity's home Member State.

Additional comments regarding the legal situation for payment services or what FinTech’s must be aware of in this business area

N/A


Economic conditions

Market size for payment services and biggest payment service providers

Banks and saving banks in Slovenia authorized by the Bank of Slovenia under the Banking Act to provide banking, mutually recognized and additional financial services are:

  • Addiko Bank d.d.,
  • Banka Intesa Sanpaolo d.d.,
  • Banka Sparkasse d.d..,
  • Deželna Banka Slovenije d.d.,
  • Gorenjska banka d.d., Kranj,
  • Nova Ljubljanska banka d.d.,
  • OTP banka d.d.,
  • SID-Slovenska izvozna in razvojna banka, d.d.,
  • UniCredit Banka Slovenija d.d.,
  • Delavska hranilnica d.d. Ljubljana (savings bank),
  • Hranilnica Lon d.d., Kranj (savings bank),
  • Primorska Hranilnica Vipava d.d. (savings bank).
Electronic money institutions in Slovenia holding a valid authorization from the Bank of Slovenia to provide electronic money issuance services are:

  • Petrol Pay družba za izdajo elektronskega denarja in placilne storitve, d. o. o.
  • Telekom Slovenije, d. d.
  • Paywiser družba za izdajo elektronskega denarja in placilne storitve, d. o. o.
Payment institutions holding a valid authorization from the Bank of Slovenia to provide payment services are:

  • Sparkasse Pay poslovanje s kreditnimi karticami, d. o. o.
  • A1 Slovenija, telekomunikacijske storitve, d. d.
Payment system operator registered with the Bank of Slovenia is:  

  • BANKART procesiranje placilnih instrumentov d. o. o., Ljubljana
There are currently no electronic money institutions with a waiver and payment institutions with a waiver with a valid authorization from the Bank of Slovenia.

As of the end of 2024, there were 9 banks and 3 savings banks operating in Slovenia. The banking system accounted for two-thirds of the Slovenian financial system’s financial assets at the end of last year, reflecting its significant role in the financial market. There is no specific statistical data available about the market size of non-banking payment service providers.

Additional comments regarding the economic situation for payment services or what FinTech’s must be aware of in this business area

N/A

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