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Proposed Amendments To Serbia’s Law On Payment Services
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 Finance
K
Kinstellar
Article
Proposed Amendments To Serbia’s Law On Interchange Fees And Special Operating Rules For Card-based Payment Transactions
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.
Serbia Finance
K
Kinstellar
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