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Croatia
Croatia, a member of the European Union, has demonstrated economic resilience and steady growth despite global challenges. The country’s economy is diversified, with strong sectors in tourism, services, industry, and agriculture, supported by ongoing reforms and strategic investments.
In 2023, Croatia’s GDP grew by 3.1%, driven by robust household and government consumption, increased investment activity, and positive net exports. Growth is expected to continue at 3.3% in 2024, supported by real wage growth, rising employment, and strong credit activity, although investment growth may slow due to a temporary deceleration in EU fund absorption.
Inflation is projected to fall from 8.4% in 2023 to 3.5% in 2024 and further to 2.2% in 2025 as energy and food prices stabilize. The unemployment rate, at 6.1% in 2023, is expected to decline to 5.8% in 2024. Croatia’s fiscal deficit may rise to 2.6% of GDP, while public debt is projected to fall from 63% to 59.5%, reflecting fiscal discipline and solid economic growth.
Croatia’s economy remains resilient, diversified, and positioned for sustainable growth, making it an attractive investment and business destination in the EU.
Top banks
Zagrebačka Banka
Zagrebačka Banka is among the largest banks in Croatia, providing a comprehensive range of financial services for both individuals and businesses. From personal banking, savings accounts, and mortgages to corporate banking, business loans, and investment solutions, Zagrebačka Banka delivers trusted and professional Croatian banking services.
Privredna Banka
PBZ (Zagrebačka banka) is a leading bank in Croatia, offering a full range of banking products and services for both retail and corporate clients. From personal banking, savings accounts, and mortgages to corporate banking, business loans, and investment services, PBZ provides reliable solutions tailored to your financial needs. Experience secure and professional Croatian banking services with PBZ.
Erste & Steiermärkische Bank
Erste Bank is a prominent player in the Croatian banking sector, providing a wide range of financial services for individuals and businesses. From personal banking, savings accounts, and mortgages to corporate banking, business loans, and investment solutions, Erste Bank combines expertise with a strong local presence. Discover reliable banking services in Croatia with Erste Bank.
Raiffeisenbank Austria d.d.
Raiffeisenbank in Croatia provides a wide range of banking and financial services for both retail and corporate clients. From personal banking and savings accounts to business loans, corporate financing, and investment solutions, Raiffeisenbank is a reliable partner for managing your finances in Croatia. Explore secure and convenient Croatian banking services with Raiffeisenbank.
Top payment methods
Visa
Visa is the world’s largest global card network by transaction value, accepted almost everywhere. It’s known for secure, fast, and reliable payments, positioning itself as “the best way to pay and get paid by everyone.”
Mastercard
Mastercard is a global payments leader, dominating the co-branded card market in Europe and key countries like Brazil, Canada, and Germany. Known for secure, contactless, mobile, and digital payment solutions, Mastercard drives e-commerce, fintech, and online banking innovation worldwide.
ApplePay
Google Pay
Google Pay enables secure digital payments using stored credit or debit cards for online, in-app, and in-store purchases. It offers a fast, seamless checkout experience on Android devices and supports 3D Secure authentication for EU and UK-issued cards.
Concluding remarks
Croatia’s economy is set for continued growth, supported by a diverse payment ecosystem and ongoing economic reforms. Combining traditional banking methods with modern digital payments, Croatia provides secure, convenient financial solutions that adapt to consumer needs and support economic resilience, innovation, and sustainable development.
Cash (Gotovina)
Cash remains a commonly used payment method in Croatia, especially for small transactions and in rural areas. Despite the rise of digital payments, cash is still widely used.
Credit and Debit Cards
The use of credit and debit cards is extensive, with major card networks like Visa, MasterCard, and Maestro widely accepted. Contactless payment methods are gaining popularity due to their convenience.
Bank Transfers (Bankovni transferi)
Bank transfers (Bankovni transferi) in Croatia are commonly used for larger transactions, including real estate purchases, business payments, and utility bills. Croatia’s modern banking system provides fast and secure domestic and international money transfers, making Bankovni transferi a reliable and convenient payment method. With the widespread adoption of online banking and digital payment platforms, managing financial transactions in Croatia has become more efficient and accessible for both individuals and businesses.
Mobile Payments
Mobile payment options, including Apple Pay, Google Pay, and local apps, are gaining popularity. These methods offer a convenient and secure way to make transactions using smartphones and other digital devices.
Online Payment Platforms
Platforms like PayPal and PayU are widely used for eCommerce transactions. They provide secure and efficient means to pay for goods and services online.
Prepaid Cards
Prepaid cards are popular among younger individuals and those who prefer not to use traditional banking services. These cards are used for online shopping and daily expenditures.
Cryptocurrencies
Cryptocurrencies are gradually being adopted in Croatia, particularly among tech-savvy individuals. The regulatory environment is evolving, but widespread acceptance is still in its early stages.
About Processing News
You Won’t Learn This in Business School – Real Industry Insight
The global payments industry evolves faster than ever — powering everything from digital banking to eCommerce transactions. Yet few truly understand how payment processing, fintech innovation, and financial technology shape the world economy. That’s where Processing News comes in. At Processing News, we don’t just report on the payments ecosystem — we’ve built, run, and innovated within it. Our team of experts includes former fintech executives, payment system architects, compliance officers, and technology insiders who bring real-world experience to every article. We launched Processing News to be the Wikipedia of Payments — accessible, in-depth, and always accurate. In an era of clickbait and recycled press releases, we deliver trusted payments journalism rooted in industry expertise and data-driven analysis. Whether it’s new payment regulations, card network updates, emerging fintech startups, or fraud prevention trends, we provide clear, credible insight into what truly drives the global payment processing industry.
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