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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 IPS System in March 2019
02.04.2019. The NBS IPS system, which operates 24/7/365...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in March
02.04.2019. In the course of 21 business days in March, total 19.5 million payments were processed in the NBS RTGS...
 
Fees for Payment Account-Linked Services in One Place
19.03.2019. The application of the provisions of the Law on Amendments and Supplements to the Law on Payment Services, which envisage greater transparency of fees charged by service providers...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in February
04.03.2019. In the course of 19 business days in February, total 18.3 million payments...
 
NBS IPS System in February 2019
04.03.2019. The NBS IPS system, which operates 24/7/365, processed 397,051 payments...
 
DinaCard Payments at Treasury Administration Counters
12.02.2019. DinaCard is the only card in Serbia that can be used for making payments at the counters of the Treasury Administration of the Ministry of Finance...
 
NBS IPS System in January 2019
05.02.2019. The NBS IPS system, which operates 24/7/365, processed...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in January
05.02.2019. In the course of 20 business days in January, total 16.7 million payments were processed in the NBS RTGS...
 
DinaCard on a Par with Cheque Payments
24.01.2019. Holders of debit DinaCard issued by Banka Poštanska štedionica can now make deferred payments...
 
Online Payments by National DinaCard
17.01.2019. The NBS wishes to inform citizens that the number of online shops where they can use the national DinaCard to pay for goods and services is constantly increasing – there are currently 70 such shops of domestic merchants...
 
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