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July 2026 – The first half of 2026 brought two important competition-related developments in Serbia and Montenegro. In Serbia, a new unfair trading practices regime started to apply...

Serbia's National Bank has proposed comprehensive amendments to the Law on Payment Services as part of the country's EU accession process. The draft legislation introduces enhanced fraud prevention mechanisms, broader payment system access, and stricter compliance requirements that will reshape the financial services landscape. What operational changes will payment institutions need to implement during the nine-month transitional period?

Serbia's National Bank has proposed amendments to the Law on Interchange Fees and Special Operating Rules for Card-based Payment Transactions, introducing caps on interchange fees for both domestic and international card transactions. The draft legislation distinguishes between card-present and card-not-present transactions, with fees ranging from 2% to 15% depending on transaction type, marking a significant shift in the country's financial regulatory framework as part of its EU accession process.