Settle Croatia

New Mobile Payments App Arrives to Croatia

By Retail SEE Group / July 8, 2019

Norwegian mobile payments pioneer Auka announced on the 4th of July that its mobile payments application Settle is now officially available in Croatia. Settle is the European mobile payments app built on Auka’s proven mobile payments platform that has already seen major success in the Nordics.

Auka is bringing innovation to Croatia, which is the first EU country where Settle is being introduced, with additional markets to follow in the coming months.

PARTNERSHIP WITH SBERBANK CROATIA

To distribute and promote Settle in the Croatian market, Auka has signed an exclusive partnership with Sberbank Croatia.

“Sberbank’s key strategic objective is to offer market services based on digital technology and with this business cooperation we are proving our commitment to that goal. I am very excited about our cooperation with the Norwegian company Auka. Our goal is to offer a new mobile payment solution and to improve mobile user experience with managing money the easy way,” stated Csaba Soós, CEO of Sberbank Croatia.

A SECURE, EASY AND CONVENIENT WAY TO MAKE PAYMENTS

Settle removes the inconvenience of cash transactions and lengthy bank account numbers. Users can pay and receive money instantly with their phones. Users can also send money from their debit and credit cards, as well as from their bank account, to any mobile phone number. The received money is instantly available on the user’s Settle Account and it can also flow directly into the user’s bank account.

Daniel Døderlein, CEO and Founder of Auka, is thrilled to bring this Nordic award-winning solution to the Croatian market: “We are excited for the whole Croatian population , who can now choose to digitize their money. We have changed the way people pay and get paid in our home market and now it’s time to share the benefits with the rest of the world, starting right here in Croatia.”

With Settle , there are no transaction fees for sending and receiving money to and from Croatian users. All transactions are safe and secure, backed by the EU-wide financial services license held by Auka which is subject to EU regulation as an e-money institution.

Settle is operated with local support and marketing provided through Settle Croatia, a local legal entity ensuring that a majority of the revenue from Settle in Croatia is used to create local jobs and to return value to the local business community.

HELPING BUSINESSES TO INCREASE SALES

Whilst this launch phase is aimed at consumers making P2P (person to person) transactions, the vision for Settle is to also become a business solution, enabling merchants to send and receive payments with their customers. They can do so without relying on point-of-sale terminals and card terminals, lowering costs and enabling quicker adoption, specifically for smaller and independent merchants such as cafes and restaurants.

“We will launch merchant functionality in Croatia in the coming months, empowering consumers to pay for a product or service quickly by using the QR codes or the NFC functionality. This will enable merchants to easily take payments.” stated Døderlein.

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