General Information

Population

7M

6M

RSD

Market overview

Population - 7M

At the start of 2023, 57% of Serbia’s population lived in urban centres, while 43% lived in rural areas.

Internet penetration - 84%

There were 6M internet users in Serbia in January 2023.

FinTech Outlook: Trends, Insight & Technology

Exchange kiosks ‘menjacnica’

• In Serbia people can change money from euros to dinar in bank offices. However, there are kiosks called ‘menjacnica’ where more tasks can be done. Offered operations vary depending on the kiosk, but they all provide their main service - money exchange.

Banks

<aside> 📌 The National Bank of Serbia supervises a large number of institutions. Currently, there are 20 banks, 11 payment institutions, five electronic money institutions, two virtual currency service providers, 16 financial leasing providers, four VPF management companies, seven VPFs, 16 joint-stock insurance companies, 4 joint-stock, reinsurance companies.

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Digital banks