We currently live in a technological age in an extremely quickly developing world. Banks are no longer the sole ''overlords'' when it comes to making payments, transfers, and receiving cash quickly. Can IziPay match up?

As many independent platforms realised they found a niche in the financial market by providing a service that operates without the often extortionate charges and boring red tape banks put in the way of money transfers, more and more such platforms have popped up over the years, following the lead of companies like PayPal.

Banks are gradually realising that they too could benefit from such systems, and as such, the largest bank in Croatia, Zagrebačka banka (Zaba) has released IziPay on m-Zaba, which now impressively boasts more than 350,000 users.

As Poslovni Dnevnik/Bernard Ivezic writes on the 30th of September, 2019, one weekend after two of the most successful fintech players in the Republic of Croatia so far, Erste's Keks Pay and Revolut, boast of their hardly surprising market success, the largest bank in Croatia - Zagrebačka banka, has decided to step onto the online payment scene and allow all users of its mobile application (app) m-Zaba to send money from account to account for free without having to go through the sometimes time consuming IBAN payment processes.

It was this functionality that enabled Erste's popular Keks Pay to garner 56,000 users and Revolut to reach 50,000 users.

Zaba has so far offered such an option, called IziPay, exclusively through the new Telekom Banking application, which is jointly offered on the market with Croatian Telecom (Hrvatski Telekom).

However, likely seeing its potentially fierce competition, it has now offered such a useful service through its existing mobile application, called m-Zaba, which also the most popular banking mobile application in all of Croatia, with more than 350,000 users at this moment in time.

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A brand new and far more efficient way of banking is almost ready for its release onto the market in Croatia, thanks to a partnership between Croatian Telecom (HT) and Zagrebačka banka.

As Poslovni Dnevnik/Bernard Ivezic writes on the 6th of June, 2019, with less than twenty days to go until the summer calendar officially begins, the first local mobile bank in the Republic of Croatia, developed by Croatian telecom (Hrvatski telekom) and Zagrebačka banka, is now ready for testing.

This service, called Telekom Banking, comes directly from the largest telecom and largest bank in Croatia, and the announcement is that it will be set up and ready online during the summer. Goran Lončarić, head of Telekom Banking at Croatian Telecom, confirmed that the mobile bank is now ready to be tested out.

"We're now launching the Telekom Banking pilot for friends and family, who will be the first to use the most advanced digital bank in Croatia," said Lončarić.

He also published a photo of his card featuring HT's (T), Zagrebačka banka's and Maestro's logos. Apparently, Deutsche Telekom has already reserved the domain telekombankarstvo.hr where the service will be officially launched.

HT and Zagrebačka banka have both confirmed that the service is ready for public launch and that they're still working on testing mobile applications.

"Users are currently participating in the pilot project and we can say that we're very happy with their first reactions, and those services will become available during the summer," they stated from HT, adding that the application (app) will bring with it a whole host of other innovations.

HT's and Zagrebačka banka's partnership in Croatia is very similar to the one that the Romanian operator and a member of the DT group, Telekom Romania, realised on this market alongside one of the ten largest banks in Poland, Alior Bank. Their service can be found on the telekombanking.ro website and includes access to mobile and web banking by Poland's Alior Bank.

It's a very complex yet simple product, which includes current, savings and foreign currency accounts, as well as cards. For users who receive 1,000 kuna per month, it's all free.

It includes free and unlimited cash withdrawals from any ATM in the entire world, it includes both mobile and web banking, as well as the ability to view your last three transactions without having to go through the log in process.

The system also offers its users absolutely full control over PIN and locking their cards, and it supports both NFC and QR payments, as well as direct payments via email and mobile phone numbers. Lending possibilities are also on offer.

It is not yet known whether or not the exact same service which is offered by Telekom Romania and Alior bank will be offered here in Croatia by HT and Zagrebačka banka.

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The highly respected Global Finance magazine has proclaimed Croatia's Zagrebačka banka, a member of the UniCredit Group, the best Croatian bank in 2019.

As Poslovni Dnevnik writes on the 22nd of May, 2019, the editors of Global Finance have given this prestigious award to Zagrebačka banka after extensive consultations with financial managers, bankers, bank advisors and analysts from around the world, as such, the best respective bank of each country in Central and Eastern Europe (SIE) has been selected.

"We're proud to have received this prestigious award from a reputable institution such as Global Finance. In the forthcoming period, we will continue to focus on the needs of our clients by introducing new technologies, relying on a balanced business model and belonging to the UniCredit Group. We remain committed to the creation of a stimulating environment for our clients, employees and the economic and social progress of the company we're engaged in,'' said Miljenko Živaljić, CEO of Zagrebacka banka.

UniCredit received recognition in the following categories during this year's Best Bank Awards magazine by Global Finance:

The best Bank in Central and Eastern Europe

The best bank in Bulgaria

The best bank in the Republic of Croatia

Gianfranco Bisagni and Niccolò Ubertalli, the executive directors of UniCredit for the CEE region, said: "It's a great pleasure to acknowledge this remarkable impact throughout the CEE region, especially Bulgaria and Croatia. We've won these awards thanks to the efforts and commitment of our employees towards our clients, providing them with our simple, successful, pan-European commercial banks. We're glad that we have the opportunity to share UniCredit's success in the region of Central and Eastern Europe.''

These awards are awarded on the basis of many factors, including: Asset growth, profitability, geographic reach, strategic relationships, business development, product innovations, and opinion of capital analysts, credit rating analysts, bank consultants and other banking experts, and it's clear that in all of these categories, Croatia's Zagrebacka banka proudly stands out.

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ZAGREB, February 18, 2018 - Zagrebačka Banka (ZABA), the largest bank in Croatia, generated an operating income of 4.2 billion kuna in 2017, which is 9.1% less than in 2016, while net profit fell by more than 50%, its financial statement shows.

Accolades for Croatia's very own Zagrebačka banka.

Profits in the first six month of the year are almost 70 percent lower than a year ago.

Zaba presented an innovative and quick new way to open a bank account.

The largest bank is now the best bank as well.

UniCredit has presented its plans for the next two years which do not include sale of its subsidiaries in Central and Eastern Europe.

The largest Croatian bank could soon have new owners.