Aircash is a regulated payment service managed by the authorized EU Payment Institution Aircash Ltd. with a license issued by the Croatian National Bank (CNB). Aircash PI is registered as IPP410 in CNB’s payment institutions registry. Aircash currently operates in the territory of Croatia with expansion plans to other markets in CE Europe. Payment institution license is valid in all EU member states, with license in pending state in the territory of Bosnia&Herzegovina. Aircash is also a trademark owned by the Aircash PI.
Aircash business is in Financial Technologies – FinTech – a sector where businesses use technology to develop financial services that compete with existing ones with their simplicity, speed, security and lower costs. Basically, Aircash enables fast money transfers between persons (P2P payments) and between persons and businesses, generally for top-ups of various online accounts and internet payments and for cash-outs from online accounts. All funds are transferred immediately and are protected by high-end security protocols.
The backbone of the system is a backend ICT infrastructure, integrated with ICT systems of retail point of sales, which manages transactions and settlements. End users use Aircash mobile app to initiate transactions, browse history and manage payment processes.