Payments
Croatian businesses can own ATM franchise
April 21, 2021
Monestiq, a Croatian ATM franchise company, holds the first franchise license for ATMs in all of Europe, giving any businesses the opportunity to become an ATM owner, according to a report in Croatia News.
Previously, ATM ownership in Croatia was reserved only for banks and financial institutions, but now catering facilities, the hospitality industry and other businesses, especially those targeting tourists, can own an ATM franchise.
The price of the ATM in Croatia itself is between eight and 15 thousand euros (US$8000-18,000), but in popular tourist areas, businesses could own their ATM for approximately 1000 euros ($US 1200) per month.
Ivan Dusevic, director of Monestiq said this financial-technological solution combines all of the necessary protocols and rights for processing transactions and connects ATMs with global card schemes such as Visa and MasterCard.
He added that this year, Monestiq will concentrate on the Croatian market, after which, the company plans to expand across Europe. Dusevic is also fielding inquiries for franchise rights from both Hungary and Germany.
Monestiq's goal is to build the largest ATM franchise chain within Europe.
