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A:
Three million payment cards issued in Serbia
Belgrade,
9 June 2005
Serbian Minister of Finance Mladjan Dinkic said today that three million payment cards have been issued in Serbia to date and announced that by the end of June it will be possible to make cashless payments in all businesses, since shop owners are required to introduce post terminals by that time.
President of the Serbian Chamber of Commerce Slobodan Milosavljevic, left, and Mladjan Dinkic
Author:
Beta
Speaking at a meeting about payment cards held at the Serbian Chamber of Commerce, Dinkic said that citizens can use payment cards in 20,000 businesses and withdraw cash at 500 cash dispensers throughout the country.
The national Dina card is the most popular and so far it has been issued to 1.4 million users, the Minister said and pointed out that as of next year it will also be possible to use this card internationally.
Dinkic reminded shop owners that they are required to purchase post terminals for payment cards by the end of June. According to estimates, it is expected that 30 million transactions by payment cards will be made in the course of this year.
Adviser at the National Bank of Serbia Mirko Spanovic pointed out that payments by cheques will be possible until the end of the year, after which cheques will be payable only on the day they are issued.
According to him, this will help get citizens into the more advantageous system of payment cards and out of the older method of paying with cheques.
The current monthly interest on deferred payment by credit cards is 1 to 2 percent, but it is expected that competition among banks will drive down rates, after the abolishment of instalment purchasing with cheques.
The national Dina card is the most popular and so far it has been issued to 1.4 million users, the Minister said and pointed out that as of next year it will also be possible to use this card internationally.
Dinkic reminded shop owners that they are required to purchase post terminals for payment cards by the end of June. According to estimates, it is expected that 30 million transactions by payment cards will be made in the course of this year.
Adviser at the National Bank of Serbia Mirko Spanovic pointed out that payments by cheques will be possible until the end of the year, after which cheques will be payable only on the day they are issued.
According to him, this will help get citizens into the more advantageous system of payment cards and out of the older method of paying with cheques.
The current monthly interest on deferred payment by credit cards is 1 to 2 percent, but it is expected that competition among banks will drive down rates, after the abolishment of instalment purchasing with cheques.
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