11/10/2023
DinaCard introduces contactless technology
The NBS continuously implements activities aimed at improving the functionality of the national DinaCard card. The latest upgrade is in line with the current trends in the area of payment cards. Namely, the NBS is introducing contactless technology in the DinaCard system.
By 31 March 2024, the accepting banks will enable the acceptance of contactless DinaCard cards in the entire DinaCard network, and from 1 June 2024, all issuing banks will start issuing contactless Dina cards.
Contactless payments have become a reality, also in our market, and are being increasingly chosen by users. The simplicity of contactless payments is reflected in the fact that, when paying, the user just taps or holds the card near the terminal without entering the PIN. From the aspect of security, it is important to keep in mind that payment by contactless Dina cards are PIN-free for transactions of up to RSD 6,000, while for larger amounts it will be necessary to enter the PIN at the POS terminal.
Few countries can boast a national card system and the degree of development existing in Serbia in the past several years. The NBS reminds citizens that the use of a national payment card brings significant benefits and advantages for the society as a whole, and for this reason national card systems are present in a large number of advanced markets in the world – Germany, France, Denmark, Spain, Italy, Norway, Belgium, etc. The importance of national card systems is manifold:
By implementing contactless technology in the DinaCard system and keeping up with market requirements, opportunities are created to develop payments through mobile wallets and other digital payment methods, which will allow the DinaCard payment card to remain the first choice of merchants and payment card users.