Serbia

According to The Global Findex database, 75% of Serbians had access to the internet. 

The instant payment system introduced in 2018 is obligatory for all banks in the Republic of Serbia. Instant payments at the point-of-sale was introduced in 2019. Work on PSD2 implementation started in 2020.

According to The Global Findex database, 71% of Serbians have bank accounts, which means that 29% of the citizens are unbanked. Online banking penetration in Serbia in 2021 was 21%, which is amongst the lowest in Europe.

In 2019, 35 Fintechs operated in Serbia. According to Tracxn, there are 25 Fintech startups in Belgrade as of 2022.

According to Statista, the transaction value in the Neobanking segment of Serbia is projected to reach US$1.60bn in 2022.

According to the Cambridge Centre of Alternative Finance, 46% of the citizens of Serbia had basic or above basic digital skills.

Serbia has a regulatory sandbox for Fintech companies, where they may test their business models.