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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 May
02.06.2020. In the course of 20 business days in May, total 19.2 million payments were processed...
 
NBS IPS System in May 2020
02.06.2020. The NBS IPS system, which operates 24/7/365, processed 2,147,624 payments during 31 days of May...
 
Upward Trend in Cashless Payments Maintained in First Quarter
22.05.2020. The number of e- and m-banking users continued up in Q1 2020. The number of e-banking users...
 
New Record Number of Payments in NBS IPS System
21.05.2020. On 20 May 2020, the number of payments in the NBS IPS system reached 133,328, which is a new record daily number of transactions registered since the inception of the system.
 
Over 400 Domestic Online Stores Accept DinaCard
20.05.2020. Recognising the importance of online trade, particularly in the context of the coronavirus pandemic...
 
NBS Passes Instruction on the Method of Payment of One-Off Monetary Assistance from Special-Purpose Accounts
20.05.2020. Citizens who due to poor health or other justified reasons are unable to personally take the one-off cash assistance...
 
New Record Number of Payments in NBS IPS System
18.05.2020. On 15 May 2020, the number of payments in the NBS IPS system was...
 
VIP mobile d.o.o. Adds NBS IPS QR Code to its Paper Bills
13.05.2020. One more company added the NBS IPS QR code to its paper bills – VIP mobile d.o.o...
 
UniCredit Bank Srbija a.d. Beograd Enables Instant Payments at POS
11.05.2020. Based on the NBS approval, UniCredit Bank Srbija a.d. Beograd has enabled its payment service...
 
NBS IPS System in April 2020
05.05.2020. The NBS IPS system, which operates 24/7/365, processed 1,862,040 payments during the 30 days of April. The average daily number of payments was 62,068, with the average time of transaction execution of 1.1 second. The value of turnover was RSD 14.2 bn and the daily average RSD 472.4 mn.
 
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