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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.


Start of Application of the Law on Multilateral Interchange Fees
2018-12-17 15:49:15.0 The Law on Multilateral Interchange Fees and Special Operating Rules for Card-Based Payment Transactions...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in November
2018-12-03 16:13:17.0 In the course of 21 business days in November, total 19.4 million payments...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in October
2018-12-03 16:04:46.0 In the course of 23 business days in October...
 
Number of Online Points-of-Sale Accepting DinaCard Rises
2018-11-19 11:45:21.0 The National Bank of Serbia hereby informs citizens that the number of online...
 
NBS IPS System Goes Live
2018-10-22 13:43:59.0 NBS IPS System Goes Live
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.
 
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
List of participants in the NBS IP system