American Express recently announced that it has partnered with Croatia’s Privredna Banka Zagreb (PBZ), the second largest bank in the country, to launch a test pilot of an NFC payments system using host card emulation technology.
“American Express recognizes that consumers around the world are paying in new and different ways,” Mike Matan, the head of the global network business at American Express, said, according to a PBZ press release. “We are delighted to launch this HCE pilot with PBZ Group and Intesa Sanpaolo Card, and we look forward to working closely with them as we continue to explore and introduce new mobile NFC payment options on the American Express network in Croatia.”
PBZ cardholders can initiate a payment through a downloadable app using an NFC-enabled mobile phone, and payment details stored in a secure virtual cloud are transmitted to the phone and point-of-sale terminal. The service will be available for all cardholders in Croatia, regardless of mobile network operator.
“We are delighted that PBZ Group is the first financial institution within the Intesa Sanpaolo Group to test HCE for secure mobile NFC payments on the global American Express network,” Zdenek Houser, the president of the board of Intesa Sanpaolo Card, the parent company of PBZ, said. “At Intesa Sanpaolo Card, we have always been committed to investing in innovative payment technologies, and we are extremely proud that we have been able to quickly roll out this pilot with PBZ Group and American Express and enable fast, secure contactless payments using a mobile phone in Croatia.”