The National Bank of Serbia published first-quarter 2025 statistics for its IPS NBS instant payment system, reporting 24.4 million fast payments, up 24.6% from the first quarter of 2024. The total value of transactions rose 40.1% year on year to RSD 294.6 billion. The central bank noted a five-year upward trend, with first-quarter volumes increasing by an average of 30.6% year on year and values by 42.9% on average. In Q1 2025, the average transaction value was RSD 12,090 and the system processed an average of 270,736 payments per day, more than 55,000 higher than in Q1 2024; daily volume records were set on 15 January and again on 14 February (453,656 payments), with a later record on 15 May 2025 of 484,175 payments. Beyond basic instant credit transfers, the IPS NBS system supports QR-based bill payments, in-store and online payments via “IPS Scan” and “IPS Show” (including a deep-link option for online checkout), and a “Transfer” service that enables account-to-account transfers using a registered mobile phone number. The National Bank of Serbia also highlighted the availability of QR code generator and validator tools on its website, use at a range of Serbian merchants and the eGovernment portal’s ePlati service, and a graphical overview of payment services and electronic money issuance data for Q1 2025 on its payment system statistics pages.
National Bank of Serbia 2025-07-17
National Bank of Serbia reports IPS NBS instant payments up 24.6% to 24.4 million in Q1 2025
The National Bank of Serbia reported a 24.6% increase in first-quarter 2025 transactions for its IPS NBS instant payment system, totaling 24.4 million payments and RSD 294.6 billion in value, a 40.1% rise year on year. The system supports various payment methods, including QR-based and mobile number transfers, with tools for QR code generation and validation. Daily transaction volumes reached new records, with significant increases in average daily payments compared to Q1 2024.