Single Register of Accounts

05 Oct 2015

NBS Adopts Changes to the Single Register of Accounts

On October 1, 2015, the new Payment Services Act came into force.  This new piece of legislation introduced numerous and rather important changes to the Serbian payment operations system.  These changes are also a part of Serbia’s harmonization with European Union laws and business practices, which presumes liberalization of payment services provision and widening of authorized service providers in this field, other than the National Bank of Serbia (NBS) and licensed banks, will have a significant positive impact on the market efficiency. One of the most significant changes in this sense introduced in the Payment Services Act relates to the formation of a […]

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