27/08/2024

Increasing use of digital banking in Q2 2024

Serbian citizens and businesses have stepped up the use of digital banking instruments for another consecutive quarter. In Q2 2024, 4,289,222 users (natural and legal persons and entrepreneurs) had a contracted mobile banking service, which represents an increase of 17.3% compared to Q2 2023. At the same time, there were 4,231,076 users of electronic banking, or 10.7% more than in the same quarter a year earlier.

The number of payments made by digital banking instruments went up by 6.7% y-o-y, reaching 62.1 million in Q2. The use of mobile banking grew by 23.1%, from 21.5 million to 26.5 million payments, while the number of payments made by electronic banking declined in the same period by 2.8%, from 36.7 million to 35.7 million.

  

Stepped-up use of mobile banking over the previous quarters reflects the advantages of mobile banking applications for the execution of day-to-day payments, including instant payments at points-of-sale by simple and reliable methods such as the IPS Scan and IPS Show, payment of bills/invoices by scanning the NBS IPS QR code, as well as sending money from one account to another by the Transfer service.

A graphic overview of data on the provision of payment services and e-money issuance for Q2 2024 is available at: NBS | Statistics.

Payment System Department