QR code

QR code payments surge in Serbia, as citizens embrace mobile transactions

Serbia is witnessing a rapid rise in QR code and mobile phone-based payments, according to the National Bank's data for the third quarter of 2024. From July to September, there were 21.7 million transactions, marking a nearly 30% increase compared to the same period in 2023. While some citizens have expressed concerns about potential fraud, authorities assure that the system remains secure. Instant payments are gradually replacing traditional cash and card methods. Payments via QR codes are becoming the preferred…