Name
Global FinTech Guide
Country Name
Croatia
SectionTitle
Identification
Body
FinTechs belonging to this category provide identification services, which are required for most banking services.

Introduction

Attitude of the country towards identification services

No reservations seem to be present in Croatia with respect to this type of services. They are perceived as a key part of digitalisation and use of modern payment services. 

Legal affairs

Obligations and requirements to provide identification services

Identification services form a part of providing modern payment services and considering that online banking services are provided by licenced banks, any obligations, and requirements regarding licencing with respect to identification services should be covered by the said authorisations. 

The PSA prescribes that the payment service provider shall establish appropriate security measures to protect the secrecy and integrity of personalised security credentials of payment service users.

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

N/A.

Economic conditions

Market size for identification services and biggest companies in this business area

No comprehensive statistics seem to be available. It is nevertheless to be noted that the market is dominated by banks as main providers of identification services relevant for the provision of payment services.

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

N/A.
 

Authors

Disclaimer

© 2022, Ilej & Partners, in cooperation with Karanovic & Partners. All rights reserved by Ilej & Partners, in cooperation with Karanovic & Partners as author and the owner of the copyright in this chapter. Ilej & Partners, in cooperation with Karanovic & Partners has granted to Multilaw non-exclusive worldwide license to use and include this chapter in this guide and to sublicense Lexis Nexis, a division of RELX Inc. and its affiliates certain rights to use and distribute this guide.

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Close

Choose country