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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.


Increasing number of merchants accept online payments by national Dina card
08.09.2020. The NBS would like to inform citizens that the number of merchants accepting payments...
 
NBS IPS System in August 2020
02.09.2020. 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 August
02.09.2020. In the course of 21 business days in August, total 19.7 million payments were processed...
 
Continued robust growth in m-banking, payment card and e-money online dinar payments
25.08.2020. The higher number of payments by state-of-the art means of payment in Q2 suggests that numerous reforms the NBS has implemented in this field...
 
Payments by DinaCard at Treasury Administration counters
06.08.2020. DinaCard is the only card in Serbia that can be used at the Treasury Administration counters for the payment of the following liabilities...
 
NBS RTGS and clearing system turnover and interbank and international clearing of foreign exchange payments in July
04.08.2020. In the course of 23 business days in July, total 20.5 million payments were processed in the NBS RTGS...
 
NBS IPS System in July 2020
04.08.2020. The NBS IPS system, which operates 24/7/365, processed 2,197,340 payments during 31 days of July...
 
Acceptance of UnionPay cards at OTP Bank ATMs in Serbia
31.07.2020. The NBS hereby informs citizens that at all ATMs of OTP Bank in Serbia they can withdraw cash with the Chinese national card UnionPay...
 
Halkbank a.d. Beograd enables instant payments at POS and payments via NBS IPS QR code
30.07.2020. Based on the NBS approval, Halkbank a.d. Beograd has enabled all...
 
NBS IPS system - new record
23.07.2020. On 20 July 2020, the NBS IPS system executed 136,689 payments, hitting its new record in terms of the daily number of transactions.
 
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