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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.


The NBS Prepares Draft Law on Comparability of Fees for Payment Services Linked to Payment Account, Payment Account Switching and the Right to a Payment Account With Basic Features
2018-01-15 14:56:41.0 The NBS prepared the Draft Law on Comparability of Fees for Payment Services Linked to Payment Account, Payment Account Switching and the Right to a Payment Account With Basic Features...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in December
2018-01-03 14:26:01.0 In the course of 21 business days in December, total 18.9 million payments were processed in the NBS RTGS (14.9 million or 79%) and clearing system (4 million or 21.0%)...
 
DinaCards to be Used on eGovernment Portal
2017-12-13 16:22:03.0 The NBS hereby informs citizens that DinaCards can be used on the eGovernment portal...
New DinaCard System Website
2017-12-05 15:18:26.0 The NBS is informing the public that the new DinaCard website has been put in place...
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in November
2017-12-04 15:29:22.0 In the course of 22 business days in November, total 17.9 million payments were processed...
 
NBS and China UnionPay – World’s Largest Payment Card System, Sign Memorandum of Understanding
2017-11-27 13:00:02.0 NBS Governor Jorgovanka Tabaković and Shi Wenchao, President of China UnionPay (CUP), signed a Memorandum of Understanding, establishing the basis for future cooperation between...
Numerous Possibilities for Paying with DinaCard Free of Charge
2017-11-10 12:57:37.0 The NBS would like to remind the public that the national payment card – DinaCard...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in October
2017-11-01 15:32:20.0 In the course of 22 business days in October, total 17.9 million payments...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in September
2017-10-02 15:23:40.0 In the course of 21 business days in September, total 16.5 million payments were processed...
 
DinaCard Enables Payment of Telekom Serbia Bills Via SMS Free of Charge
2017-10-02 15:05:43.0 The NBS wishes to remind the public that DinaCard enables a very simple payment of Telekom Serbia...
 
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