DinaCard SYSTEM Two Years Later
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DinaCard SYSTEM Two Years Later September, 2005 National Bank of Serbia
description
National Bank of Serbia. DinaCard SYSTEM Two Years Later. September , 200 5. PRINCIPLE OBJECTIVES IN THE FIRST TWO YEARS OF OPERATION ( THE SYSTEM WAS LAUNCHED ON OCTOBER 8, 2003). Summary To include all banks in the DinaCard system О f 38 operating banks - PowerPoint PPT Presentation
Transcript of DinaCard SYSTEM Two Years Later
DinaCard SYSTEMTwo Years Later
September, 2005
National Bank of Serbia
National Bank of Serbia
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SummaryTo include all banks in the DinaCard system Оf 38 operating banks 37 banks have signed the agreement, 1 bank is in the joining
stageTo develop an acceptance network in a short time period 34 banks accept DinaCard at 22,500 points of sale and close to
600 ATMsTo issue the largest possible number of DinaCard cards 34 banks have so far issued 1.6 million DinaCard cards
To provide a substitute for the deferred payment cheque In all, over 3 million cards issued in Serbia
PRINCIPLE OBJECTIVES IN THE FIRST TWO YEARS OF OPERATION (THE SYSTEM WAS LAUNCHED ON OCTOBER 8, 2003)
National Bank of Serbia
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OBJECTIVE I – to include all banks in the DinaCard system
37 banks of 38 operating entities have signed agreementsThe only bank that has remained outside the system is in the phase of negotiations and is expected to join the system by end-OctoberThe development of the system is modeled on large European national systems such as CarteBleue in France or Europay Austria
National Bank of Serbia
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OBJECTIVE II – to develop an acceptance network in a short time period
The largest national acceptance network, approaching European standards in scale22,500 points of sale at which payment can be made by using a card (5,000 at end-2003). Croatia: 35,000 (30,000 at end-2003) Bulgaria: 10,000 points of sale
Close to 600 DinaCard ATMs (around 150 ATMs at end-2003)Plans for further network development (payment by mobile phone, the Internet)
National Bank of Serbia
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OBJECTIVE III – to issue the largest possible number of cards
Over 1.6 million DinaCard cards issuedAll clients of the Postal Savings Bank hold DinaCard cards, to be used for payment and cash withdrawal at all ATMs with the DinaCard acceptance markPlan: end-2005 – over 2 million DinaCard cardsIn all, over 3 million cards have been issued nationally (DinaCard 1.6 million, VISA 1.2 million, MasterCard 300 thousand, others 300 thousand)
National Bank of Serbia
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Number and Structure of Monthly Transactions in the DinaCard System
• The number of transactions with all cards (DinaCard, VISA, MasterCard, YUBA, Diners) will exceed 30 million (4 transactions per capita) in 2005, which is a more than tenfold increase over the past 2 years
31%
29%
44%
526,812
321,150
174,727
75,60921,312
0
100,000
200,000
300,000
400,000
500,000
600,000
January2004
March May July Sept Nov January2005
March May July
Cashwithdrawal
Payment forgoods andservices
National Bank of Serbia
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Monthly Turnover in the DinaCard System
29%
16%20%
46166
426
801
1,405
0
200
400
600
800
1,000
1,200
1,400
1,600
January2004
March May July Sept Nov January2005
March May July
(in CSD million)
Cash withdrawal
Payment for goodsand services
National Bank of Serbia
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OBJECTIVE IV – to provide a substitute for the deferred payment cheque
Over 20 banks issue DinaCard 3,6,12 credit cardsBanks have stepped up the issuing of VISA and MasterCard credit cards as wellDinaCard credit card is available to a wide population, with affordable interest ranging from 1 to 1.8% monthly
National Bank of Serbia
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Share of Credit Card Turnover in the DinaCard System
19%
801
426
16646
1,405
0
200
400
600
800
1,000
1,200
1,400
1,600
January2004
March May July Sept Nov January2005
March2005
May July
(in CSD million)
Debit cardturnover
Credit cardturnover
August 2005: DinaCard 3,6,12 account for 19% of turnover (monthly growth of over 100%)
National Bank of Serbia
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Plans
To additionally accelerate the issuing of DinaCard credit cards as cheque substitutes To expand the acceptance network to include kiosks, taxi services, and enable payment via mobile phone and the InternetCo-branding negotiations with international systems
National Bank of Serbia
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Useful Informationwww.nbs.yu/serbian/news/anketa_poslovanje_sa_platnim_karticama.pdf
www.dinacard.nbs.yu
