New subsidiary: paysafecard now available in Croatia

Our internationalisation continues: We are proud to announce that our prepaid voucher paysafecard is now available in Croatia. Thanks to our partnership with Agrokor Group, consumers in Croatia can purchase paysafecard vouchers at 1,500 Tisak kiosks across the country right from the start.

Since the law on the regulation of e-money came into force in Croatia in January 2011, companies can apply for a licence to issue e-money products such as paysafecard. We have therefore set up a local subsidiary with headquarters in Zagreb, the paysafecard.com D.O.O., which is now authorised to issue paysafecard PINs in Croatia. In view of the upcoming EU accession of Croatia, this is a very important step for us.

Within the European Union, paysafecard is issued via an e-money-licence which has been granted by the British Financial Supervisory Authority (FSA) to our British subsidiary Prepaid Services Company Ltd. In countries which are not part of the EU, the legal framework often differs significantly from one country to another which means that we have to apply for additional licences before we can launch one of our products.


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