Payment methods in Serbia

Serbia's National Bank instant payment system. Instant transactions grew 215% year-on-year in 2024, powered by real-time rails that settle transactions between Serbian banks 24/7. Increasingly integrated into e-commerce checkout as a low-fee alternative to cards.

The leading digital payment methods. Over 55% of e-commerce transactions use cards per some estimates. Visa and Mastercard dominate with DinaCard as a local alternative. Card payment infrastructure is widely available across Serbian merchants.

Serbia's national card payment system, operated under the auspices of the National Bank of Serbia. Domestic card for Serbia-based transactions. Lower merchant fees than international schemes, used at domestic POS and some e-commerce platforms.

Used for cross-border purchases on international platforms. Identified as one of the most-used payment methods for online orders alongside credit cards and bank transfers. Flow: User selects PayPal, a modal or redirect opens. User logs in, confirms funding source, reviews details, authorizes. Control returns to merchant with approved or declined status.

The single most-used payment method, with approximately 45-47% of e-commerce orders still settling in cash at delivery. Consumer distrust of online payments remains the primary driver. Most major Serbian logistics providers (Post of Serbia, DExpress, etc.) offer COD collection.

Bank-issued mobile payment apps enabling NFC and QR code payments are growing rapidly at 11.98% CAGR, driven by the instant payment rail. Leading Serbian banks (Banca Intesa, Raiffeisen, UniCredit) offer integrated mobile payment solutions.