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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
03.10.2019. In the course of 21 business days in September, total 19.1 million payments...
 
NBS IPS System in September 2019
02.10.2019. The NBS IPS system, which operates 24/7/365, processed 505,472 payments during...
 
NBS IPS System in August 2019
03.09.2019. The NBS IPS system, which operates 24/7/365, processed 498,995 payments during...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in August
03.09.2019. In the course of 22 business days in August, a total of 19.2 million payments were...
 
DinaCard Payments at Treasury Administration Counters
08.08.2019. DinaCard is the only card in Serbia that can be used for making payments at the counters...
 
NBS IPS System in July 2019
05.08.2019. The NBS IPS system, which operates 24/7/365, processed 483,565 payments during...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in July
05.08.2019. In the course of 23 business days in July, a total of 20.2 million payments were processed...
 
NBS IPS System in June 2019
03.07.2019. The NBS IPS system, which operates 24/7/365, processed 471,255 payments...
 
NBS RTGS and Clearing System Turnover and Interbank and International Clearing of Foreign Exchange Payments in June
03.07.2019. In the course of 20 business days in June, a total of 18.6 million payments were processed in the NBS RTGS...
 
NBS IPS System in May 2019
05.06.2019. The NBS IPS system, which operates 24/7/365, processed 499,548 payments during the 31 days of May.
 
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