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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.


Mts Banka a.d. Beograd enables instant payments at POS and payments via NBS IPS QR code
06.07.2020. Based on the NBS approval, mts Banka a.d. Beograd has enabled all its payment service users...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in June
02.07.2020. In the course of 22 business days in June, total 20.8 million payments were processed in the NBS RTGS (17.0 million or 81.9%) and clearing system (3.7 million or 18.1%). The average number of payments was 943.440 per day, of which 773.100 in RTGS and 170,340 in clearing. The value of turnover in the RTGS system amounted to RSD 12,911.8 billion, while clearing turnover reached RSD 40.7 billion, or 0.3% of the total. Daily turnover in the RTGS and clearing system averaged RSD 586.9 billion and RSD 1.9 billion respectively. As there was no downtime during 12,210 minutes of production, the availability of the NBS RTGS and clearing system was 100%. Total 3,199 payments worth EUR 44,294,621.89 were processed in the interbank and international clearing of foreign exchange payments, with 20 participants. As the system worked smoothly throughout the period under review, the availability was 100%.
 
NBS IPS System in June 2020
02.07.2020. The NBS IPS system, which operates 24/7/365, processed 2,093,073 payments during 30 days of June...
 
NLB Banka a.d. Beograd enables instant payments at POS and payments via NBS IPS QR code
26.06.2020. Based on the NBS approval, NLB Banka a.d. Beograd has enabled all its payment service...
 
OTP Banka Srbija a.d. Beograd enables instant payments at POS and payments via NBS IPS QR code
26.06.2020. Based on the NBS approval, OTP Banka Srbija a.d. Beograd has enabled all its payment service users...
 
Banks’ services in relation to instant payments at POS and scanning of NBS IPS QR code in bills/invoices
24.06.2020. In October 2018, the NBS, in cooperation with banks, enabled citizens and businesses to carry out...
 
New method of payment at internet POS of merchants via NBS Instant Payments System – NBS IPS
18.06.2020. As of today, the NBS has enabled a new method of payment – instant payments at internet POS of
Banca Intesa a.d. Beograd enables instant payments at POS
17.06.2020. Based on the NBS approval, Banca Intesa a.d. Beograd has enabled today all its payment service users...
 
Sberbank Srbija a.d. Beograd Enables Instant Payments at POS
16.06.2020. Based on the NBS approval, Sberbank Srbija a.d. Beograd has enabled its payment service users...
 
Top five banks by the number of instant payments in the NBS IPS system in May
10.06.2020. The number of transactions in the NBS IPS system is constantly rising...
 
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
Serbia National Retail Payments Strategy 2019-2024