374,569 instant payment transactions processed by NBS IPS in December

The National Bank of Serbia (NBS) instant payment system, which operates 24/7/365, processed 374,569 transactions in December 2018.

11 Jan 2019 12:56

BELGRADE - The National Bank of Serbia (NBS) instant payment system, which operates 24/7/365, processed 374,569 transactions in December 2018.


"The average daily number of payments was 12,083, with the average time of transaction execution of 1.33 seconds," the NBS said in a statement.


The value of turnover was 5.9 bln dinars and the daily average 191.3 mln dinars (1 euro = 118 dinars), it said.


The dinar-only payment system was officially launched on October 22 last year.


Thanks to the system, up to 300,000 dinars can be transferred per transaction within just a few seconds, after which the money is available to the recipient.

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