NBS: Instant payments increased by around 30%

There were 21.7 million payments executed in the NBS IPS system in Q3 2024, which is a rise by 29.5% from Q3 2023, announced the National Bank of Serbia (NBS).

– The value of payments came at RSD 270.9 billion, up by 46.4% y-o-y. Relative to Q2 2024, the number and value of payments rose by 2.9% and 9.1%, respectively, continuing the trend of consecutive q-o-q growth – the NBS says.

In Q3 2024, the average transaction value amounted to around RSD 12,492 and the average daily number of payments measured 235,732 – over 53 thousand more than in Q3 2023.

In Q3 2024, two more payment service providers enabled the Transfer service to their users, increasing the number of payment service providers offering this service to 13. The list of banks offering this service can be found on the NBS website in the section An Overview of Services. Registration for this service is very simple and fast in the m-banking application.

The NBS reminds that, apart from making instant credit transfers to any payee with a current account in a bank, the NBS IPS payment system enables the following:

– payment of monthly bills for utility and other services by scanning the unique NBS IPS QR code printed on the bill/invoice;
– payment at brick-and-mortar and online points-of-sale using the IPS Scan and IPS Show options;
– payment by IPS Scan at online points-of-sale, where payment is executed via deep link technology in a few clicks;
– payment using the Transfer service – a designated payee’s code, i.e. mobile phone number.

The Generator/Validator services is also available on the NBS website, enabling the generation (technical preparation) and validation (technical verification) of the NBS IPS QR code.

Narodna banka Srbije Beograd

National Bank of Serbia

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NBS IPS payment system

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