| DinaCard system |
|
DinaCard payment card is the national payment card which has been available in the domestic market for eight years already. About 2.5 million DinaCard cards have been issued so far. They may be used in the largest acquiring network in the country which consists of more than 56,000 POS terminals and more than 2,800 ATMs. In eight years of operations, DinaCard system managed to acquire a major position in the payment card market in the country, with an ongoing growth in the number of issued cards, transactions and turnover. DinaCard system is composed of 31 banks, 26 of which actively issue DinaCard cards, and 9 processing companies. In addition to debit card, 23 banks issue DinaCard credit card.
|
|
|
| Background |
|
DinaCard system was set up in 2003 by the National Bank of Serbia in cooperation with commercial banks, with the aim of stepping up development of non-cash payments, decreasing the amount of cash in the money supply and fighting gray economy. Establishment of a national payment card has enabled a number of domestic banks, who are not members of international payment systems, to offer to their clients a payment card which can be used in the largest acquiring network in Serbia, without major up front investments. At the same time, special attention was paid to the accessibility of these cards (basic DinaCard is issued free of charge), as well as to the interchange fees which are set to match conditions in the Serbian market. As in the past eight years DinaCard system membership extended, it now includes all banks operating with payment cards in the territory of the Republic of Serbia and nine processing companies.
|
