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Payment System

Payment System

In the broadest sense of the term, payment system is a set of systems enabling transfer and circulation of funds. To perform its role successfully, the payment system must fulfill three prerequisites. One is that the financial assets should be kept in payment transaction channels for as short a time as possible. The second involves reliability and implies secure performance of transactions and uninterrupted availability, while the last, but not the least, is the affordability of the prices of these services.

Considering that the payment system strongly influences the velocity of flows in the economy, overall costs and liquidity of participants, and that it serves as a monetary policy transmission channel (disruptions in the payment system could compromise public confidence in the financial system as a whole), it comes naturally that the central bank should be the one highly interested in ensuring its efficient functioning.

In fact, one of the key legally-mandated functions of the National Bank of Serbia is to regulate, oversee and promote smooth operation of the national payment system.


NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in September
2018-10-01 16:06:28.0 In the course of 20 business days in September, total 17.6 million payments were processed in the NBS RTGS...
 
Banca Intesa Enables Online Acceptance of DinaCard
2018-09-28 15:00:18.0 The National Bank of Serbia hereby informs citizens and retailers that Banca Intesa ad Beograd, as one of the largest domestic acquirers of payment cards on the internet...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in August
2018-09-03 16:21:03.0 In the course of 23 business days in August 2018, a total of 18.9 million payments...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in July
2018-08-01 15:56:42.0 In the course of 22 business days in July, total 19.0 million payments were processed in the NBS RTGS (15.2 million or 80.1%) and...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in June
2018-07-02 14:07:30.0 In the course of 21 business days in June 2018, a total of 18.7 million payments were processed in the NBS RTGS.
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in May
2018-06-04 10:52:11.0 In the course of 21 business days in May, total 19.6 million payments were processed...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in April
2018-05-03 15:02:23.0 In the course of 19 business days in April 2017, a total of 18.3 million payments were processed...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in March
2018-04-02 15:25:40.0 In the course of 22 business days in March, total 18.3 million payments were processed...
 
NBS Reiterates Possibility of Easier Testing of Innovative Ideas in Payment Services
2018-03-07 15:35:52.0 Bearing in mind the NBS’s continued commitment to enabling new ideas and innovative solutions...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in February
2018-03-02 10:14:11.0 In the course of 18 business days in February, total 16.8 million payments...
 
Related Topics...
Regulations
Law on Payment Services
Red Book - Serbia
Account Numbers and Bank Identification Codes of Participants in the NBS RTGS and Clearing System
Banks Participating in the Clearing of International Payments