Merchants in Serbia increase number of POS terminals
At end-Q2 2018, before the Law entered into force, the total number of POS terminals in the country was 79,486, while it reached 89,367 at end-Q2 2019, which was a 12.4% increase.
In the period between 2007 and 2017 the average annual rise in the number of terminals was 2.5%.
– Lowering of merchant fees for internet acceptance also broadened the internet acceptance network. Namely, at end-Q2 2018, the number of virtual points of sale was 681 and at end-Q2 2019 that number reached 989, which is a 45% increase – the press release reads.
The NBS initiated the adoption of the Law in order to regulate the payment cards market, limit the systemic risk in card operations, enhance market transparency and competitiveness, and reduce the costs of payment card acceptance and consequently increase the number of cashless transactions and the number of POS where cards can be used.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport