Sitemap

Additional benefit for Mastercard contactless consumers

More...

Apatin Brewery Appealing For Responsible Alcohol Consumption

Within the ‘When I drink I don’t...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism”...

Mlekoprodukt To Export To The EU And China Markets

The company Mlekoprodukt, which operates within the...

News

Agreement On Normalisation Of Economic Relations Between Belgrade And Pristina Signed

President of Serbia Aleksandar Vucic and Prime Minister of the Provisional Institutions of Kosovo Avdullah Hoti signed an Agreement...

Montenegro Election: First Projections Point To A Tight Race

In Montenegro, the ruling DPS was nearly neck-and-neck with its main rivals, according to early and incomplete projections of...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting...

UNDP And Embassy Of Slovakia Present Feasibility Study On Use Of Thermosolar Energy

The Mayor of Belgrade, Zoran Radojičić, met with the Ambassador of Slovakia to Serbia, H.E. Fedor Rosocha and Resident...

The EU Does Not Recognize Belarus Election Results

Members of the European Council held a video conference, at which they discussed the situation after the presidential elections...

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.

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...