NKSInst – Fast Instant Payments at PBZ

Zagreb, 23 October 2020 Privredna banka Zagreb d.d. (PBZ), a member of the Intesa Sanpaolo Group, is a leader in applying new technologies on the market and has been continuously oriented towards the development of new and innovative products and services in accordance with the global trends and standards. The bank has been successfully certified for the application of the new NKSInst payment system in the Republic of Croatia and has ensured all the necessary preconditions in order to enable its clients to make instant payments among banks. Thus, PBZ is among the first banks to introduce the new Instant payment service in kunas that will be in full production as of 29 October 2020.

The new Instant payment service enables all PBZ clients, citizens and business entities, a fast and efficient service in making and executing Instant payment orders in kunas to a transaction account in another bank in Croatia by means of all the bank channels – at a PBZ branch, through PBZ digital banking – mobile and online version, PBZCOM@NET.

The funds will be transacted to the recipient of the Instant order in 10 seconds at most regardless in which of the banks in Croatia he has an open transaction account with the necessary precondition that the bank of the payer and the bank of the payment recipient are participating in the newly established NKSInst payment system. For now, the participants are PBZ, HPB and Partner banka and other banks are expected soon. The manager of the NKSInst payment system is the Financial Agency.

Instant payment advantages

• service availability 24/7/365 – transactions can be made any day of a year, 24 hours a day, regardless if it is a business or non-business day
• Speed – the transaction is made and the funds are available on the recipients’ account within 10 seconds at most
• Access the service from anywhere – Instant payment orders can be made through digital channels (PBZ digital banking – mobile and online version) and in PBZ branches
• Maximum amount of the transaction – up to HRK 100,000 per transaction.

Try the fastest payment by NKSInst payment system!