domestic payments

Serbia’s Banking Sector Benefits from Domestic Card Scheme

The domestic card scheme, DinaCard, has become a significant factor in the financial landscape of Serbia, evolving from a mere payments-policy tool to a crucial element influencing the balance sheets of local banks. As cashless transactions gain momentum, the economics surrounding transaction processing are increasingly relevant, underscoring the importance of domestic payment infrastructure at a macroeconomic level. Data from the National Bank of Serbia indicates that Serbian banks incurred approximately €142 million in fees to international card networks in 2024,…