How Fintech Cards Will Function on New Year’s Eve

Banks have informed users that due to the transition to the euro, their debit and credit cards will be unusable for at least several hours on New Year’s Eve. Therefore, we also asked fintech companies about the status of their cards.

At the most well-known domestic fintech, Aircasha, they state that their Aircash Mastercard prepaid card will operate without interruption and can be used seamlessly during New Year’s Eve. However, given that system adjustments are underway by banks, merchants, and other partners accepting cards as a means of payment for goods and services, temporary payment issues may arise due to the ongoing process of adapting their systems and POS devices.

– Aircash cannot influence the mentioned difficulties, and once the system setup on the partner’s side is completed, payment with the Aircash Mastercard prepaid card will be immediately possible. Online transactions on foreign web shops, as well as card transactions at ATMs and POS devices abroad, will continue to proceed without difficulties throughout the entire system adjustment period to the euro – they state from Aircasha.

They add that there will be no restrictions on the use of Aircash due to the transition to the euro, but there may be temporary limitations on certain services within the Aircash application due to the adjustment of the partner’s or service provider’s systems. – Aircash cannot influence the process of adjusting the partner’s systems, and the same service will be immediately available again in the Aircash application once the adjustment is completed – they say in this fintech company.

Revolut Has Already Discontinued the Kuna

One of the largest global fintechs present in Croatia, the British Revolut, has already discontinued services supporting the kuna as of December 12. – Since this has already happened for Revolut users, there will be no delays or restrictions – they say at Revolut.

They remind what has already changed for Revolut users. All remaining balances in kunas have been converted to euros at a fixed exchange rate of 7.53450 kunas for one euro, users can no longer make incoming and outgoing kuna transfers nor can they top up in kunas, all regular fees charged for subscriptions, transactions, and services are now charged in euros.

– Users will still be able to make card payments and withdraw kunas at ATMs until December 31, 2022, and they will not be charged foreign exchange fees or weekend fees for purchases in kunas/withdrawals at ATMs using their new euro account until the euro becomes the official currency. The exchange rate used will be the interbank rate at the time of the transaction – they say at Revolut.