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FinTechs belonging to this category offer alternative payment services which are supposed to provide a faster and cheaper way for national, European, and international payments for private and business customers by using new technologies.
For example, payment service providers hereby offer solutions to easily integrate several payment services in online shops.
Some FinTechs furthermore provide real cash register systems and online-reservation solutions for restaurants and shops providing their own payment services or making use of the payment services of FinTechs described above.
Introduction
Attitude of the country towards modern payment services
Modern payment services are widely used in Slovenia and continue to grow.
Legal affairs
Obligations and requirements to provide payment services or ancillary services described above
In Slovenia, payment services may be provided by (i) banks; (ii) electronic money institutions; (iii) electronic money institutions with a waiver; (iv) payment institutions; and (v) payment institutions with a waiver.
Banks, electronic money institutions, payment institutions and waived payment institutions established in Slovenia are required to obtain an authorisation to provide payment services from the Bank of Slovenia in accordance with the Banking Act and the Payment Services, Services of Issuing Electronic Money, and Payment Systems Act. Payment services may also be provided in the territory of the Republic of Slovenia by payment service providers established in another EU Member State on the basis of a notification sent to the Bank of Slovenia by the competent authority of the entity's home Member State.
Additional comments regarding the legal situation for payment services or what FinTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for payment services and biggest payment service providers
No official data is available.
Additional comments regarding the economic situation for payment services or what FinTech’s must be aware of in this business area
N/A.