Payment system

About payment system
Payment operations in the Republic of Croatia are carried out through the Croatian Large Value Payment System (CLVPS), the National Clearing System (NCS), TARGET2 and EuroNCS.
National payment system committee
The National Payment System Committee was established on 24 February 2003, and its main functions include defining and proposing the implementation of joint measures within the payment system and monit...
Regulations
Relevant regulations in the area of payment operations in the Republic of Croatia are presented in this chapter.
Payment system oversight
The CNB, in exercising oversight of payment institutions, electronic money institutions and payment systems, contributes to the safety and soundness of the Croatian financial system.
Payment systems
Payment operations in the Republic of Croatia are carried out through four payment systems: the Croatian Large Value Payment System (CLVPS), the National Clearing System (NCS), TARGET2 and EuroNCS.
Licensing
Licensing covers authorisation to provide payment services, the issuance of electronic money, the operation of the payment system and the carrying out exchange transactions.
Limited network
The Croatian National Bank is the competent authority to which the providers of limited network services are obliged to provide a notification if the total value of payment transactions executed over t...
SEPA
SEPA is a project at the EU level which stands for the Single Euro Payments Area.
Analytical reviews
The analyses, reports and reviews were prepared on the basis of collected statistical data on payment operations and electronic money.