Double the Amount of MoneyGet ATM’s in Croatia by End of 2019

Lauren Simmonds

As Poslovni Dnevnik/Bernard Ivezic writes on the 13th of June, 2019, in one year, 59 MoneyGet ATM’s have popped up in various destinations along Croatia’s coast, and plan is to have more than 100 of them.

While the Croatian Government and the CNB/HNB are busy making preparations for the introduction of the euro as Croatia’s official currency, numerous market players are already well positioned and ready and waiting for the period when the country enters the Eurozone.

Among the first to respond to Croatia’s planned entry was Payten, a member of the Asseco SEE Group, which is rapidly building a full range of payment services not only here in Croatia but also in the wider Adriatic region. The largest investment is currently being poured into its own MoneyGet ATM network. Piotr Jelenski, the CEO of Asseco SEE said they had big plans with MoneyGet when speaking in Dubrovnik at the annual conference of the group.

As previously mentioned, in just one year, Payten has set up 59 ATM’s along the Croatian coast. Jelenski stated that they have received a new manager in that segment and that their plan by the end of the year is to install more than one hundred of their own ATM’s in Croatia. Now, that type of business is profitable, especually when there are many of transactions from tourists taking place.

“The model that pays off the most on tourism markets, such as, let’s say, the ATM’s in Dubrovnik, is DCC (dynamic currency conversion), where users are offered a choice if they want us to make a conversion for them, or for their bank to do it,” Jelenski said. This model is also used by banks in Croatia and is so profitable that, unlike other countries, they even have profitable ATM networks. This will change in four to five years, when Croatia is expected to introduce the euro.

Payten is already preparing to offer banks operating in Croatia a chance to use their ATM’s instead of their own.

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