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09.06.2023.
In Q1 2023, over 3.5 mn payments worth more than RSD 11 bn were made by scanning the NBS IPS QR code. These payments are on a constant rise.
This is one of the most important functionalities in the IPS system as it enables m-banking users to simply and safely pay monthly invoices/bills of different service providers. A user can simply scan the NBS IPS QR code from an invoice/bill, with the payment order being automatically created in the m-banking application. A user does not need to manually enter data, while at the same time saving time, minimising errors when entering data, and making a payment within a few seconds only.
This option is also available to legal persons and entrepreneurs as an increasing number of banks in Serbia enable this payment method in applications for these two categories.
The NBS invites all invoice issuers who still do not show the NBS IPS QR code on their invoices to enable this option. They can use the Generator/Validator of NBS IPS QR codes, which can be found on the official webpage of the NBS IPS system.
The NBS will continue to develop and advance these state-of-the-art and safe payment methods to the benefit of all participants in cashless payments and the entire market in Serbia.
Payment System Department
