Level of cash use in Serbia 2016-2019

Share of cash in total payment transactions in Serbia from 2016 to 2019

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Release date

October 2020

Region

Serbia

Survey time period

2016 to 2019

Supplementary notes

No data is available that covers the exact volume of transactions conducted with cash money. In order to make a credible estimation, this calculation looked at the following indicators:

  • Value of ATM cash withdrawals (either with cards issued by resident PSPs at any terminal, provided by either a resident or non-resident PSP, or with cards issued by non-resident PSPs at terminals provided by resident PSPs;
  • Value of OTC or over-the-counter cash withdrawals;
  • Value of card payments, issued by resident PSPs;
  • Value of e-money payment transactions, issued by resident PSPs.

To summarize, this methodology tries to put cash withdrawals, either at an ATM or OTC, in perspective of all payment transactions (withdrawals + card payment+ e-money transactions) within a country. Numbers on checks, ACH or instant payments have not been used.

Note that numbers on OTC withdrawals and e-money are not always readily available for all years. Multiple sources were consulted to get to these numbers. In the case of Serbia, there was no information on OTC withdrawals.

The values used in the calculations for Serbia were in Serbian dinar. Note that payments abroad were reported in euros, and have been omitted from this statistic.

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