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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.


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.
 
National Bank of Serbia adopts the Instruction on the Manner of Temporary Payments of Funds from Dinar and FX Current Accounts of Payment Service Users and the Provision of Remittances
22.07.2020. In view of the current epidemiological situation, where due to the illness caused by COVID-19 and the increased risk of infection...
 
Addiko Bank a.d. Beograd enables instant payments at POS and payments via NBS IPS QR code
16.07.2020. Based on the NBS approval, Addiko Bank a.d. Beograd has enabled all its payment service users...
 
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%.
 
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