Sitemap

Additional benefit for Mastercard contactless consumers

More...

Serbia’s EPS Net Profit Rises In H1

State-owned power utility Elektroprivreda Srbije (EPS) said...

Brose To Invest €180m In Serbia

Prime Minister Ana Brnabic talked today with...

EBRD Shareholders Elect France’s Odile Renaud-Basso As Next President

The Board of Governors of the European...

News

Brose To Invest €180m In Serbia

Prime Minister Ana Brnabic talked today with Urlich Schrickel, Chief Executive Officer of the Brose Group, which started the...

Deyana Kostadinova Is The New UNICEF Representative In Serbia

Ms. Deyana Kostadinova is the new UNICEF Serbia Representative. Prior to this assignment, she was the Permanent Representative of the...

Coronavirus Digest: Europe Tightens Restrictions To Control Spread Of COVID-19

The Netherlands is going into a partial lockdown for at least four weeks. Meanwhile, Italy has imposed new restrictions...

Belgrade Security Forum Discussion: To Remain Committed To Values Amid Crisis

This year the Belgrade Security Forum titled “No trust – No Peace” is happening under very specific circumstances, deprived...

Mastercard today announced that the maximum amount for contactless payments without a PIN will increase to RSD 3,000. This change will take place on April 12, 2019.

The planned increase of the contactless payment limit without a PIN to RSD 3,000 meets the needs and expectations of Serbian consumers, who are keen users of this technology. MasterIndex Serbia 2018 study of financial needs and habits of Serbian cardholders has shown that 55% of cardholders pay by tapping. The vast majority (86%) use this option in supermarkets, also at petrol stations (38%) and local grocery shops (34%).

The same study has confirmed that 1 in 3 contactless cardholders would choose to pay contactless without entering PIN up to the amount of RSD 3,000, while additional 15% of cardholders would be comfortable with making PIN-less transactions in the amounts above RSD 3,000.

The current limit for contactless payments without a PIN, set at RSD 1,500, was established in 2008 when Mastercard contactless was first introduced to Serbian market. In comparison with other European countries, the current transaction limit without PIN in Serbia is one of the lowest. Higher amounts are in place not only in Western European countries (e.g. in the UK GBP 30, or about RSD 4,000; in France and Ireland EUR 30, or about RSD 3,500), but also in those of Central and Eastern Europe (e.g. in Lithuania EUR 25, or about RSD 3,000; in Poland PLN 100 or RSD 2,800, or in Romania RON 100, or about RSD 2,500).

Eleven years ago when Mastercard contactless payment was introduced to the market, it has been developing very rapidly. Only in 2018, usage of contactless technology has increased by 154%, which is even above the European average of 98%, while in September 2018 alone, contactless payments accounted for 62% of all card payments* and Mastercard contactless cards are in circulation at 21 banks so that consumers can choose financial product that exactly suits their needs.

Advertising

Related Articles

Mastercard® provides premium and business cards users exclusive ads at KupujemProdajem

Mastercard and “KupujemProdajem” created the Golden Ad in a joint campaign, a benefit for users of Mastercard Business, Platinum and Gold cards, which allows...

Champions of the non-cash payments

The Serbian Government Office for IT and eGovernance in cooperation with NALED and with the support of the companies Mastercard and Visa, launched today...

Societe Generale Serbia has digital cards: Pay by phone at any time

Societe Generale Serbia has launched mCard - a service that enables contactless payment by smartphone at all POS terminals in the country and abroad,...

New Technologies Drive Conversations on Payments and Demands for Access

Want to grab that coffee or package and go? You’re not alone. Today more than ever, people are living an increasingly digital – and...

1 in 3 Serbian SMEs note market conditions biggest challenge for growth

1 in 3 SMEs in Central Eastern Europe enables card payments as a response to strong customer demand, while 18% of them see card...

Serbs prefer summer, Cyrillic and holidays with family, don’t have much free time

New Mastercard study A typical Serb prefers summer to winter holidays, would rather call than text their friends, enjoys spending New Year and Christmas at...

Vehicle registration in one-stop and a gift with PaySpot and Mastercard

PaySpot and Mastercard payroll simplify the registration of vehicles as car owners will be able to do all the necessary actions in just one...

Public transport costs reduced for Mastercard and Maestro contactless cardholders

Every Wednesday and Saturday, starting October 17 and in the next 30 days, Mastercard and Maestro contactless cardholders of any bank and owners of...
WordPress Image Lightbox