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DinaCard SYSTEM Two Years Later

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

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DinaCard SYSTEM Two Years Later

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  1. National Bank of Serbia DinaCard SYSTEMTwo Years Later September, 2005

  2. 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 • Оf 38 operating banks • 37 banks have signed the agreement, 1 bank is in the joining stage • To develop an acceptance network in a short time period • 34 banks accept DinaCardat 22,500 points of sale and close to 600 ATMs • To issue the largest possible number of DinaCard cards • 34 banks have so far issued 1.6 million DinaCardcards • To provide a substitute for the deferred payment cheque • In all, over 3 million cards issued in Serbia

  3. OBJECTIVEI – to include all banks in the DinaCard system • 37 banks of 38 operating entities have signed agreements • The only bank that has remained outside the system is in the phase of negotiations and is expected to join the system by end-October • The development of the system is modeled on large European national systems such asCarteBleue in France or Europay Austria

  4. OBJECTIVEII – to develop an acceptance network in a short time period • The largest national acceptance network, approaching European standards in scale • 22,500 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)

  5. OBJECTIVEIII – to issue the largest possible number of cards • Over 1.6 million DinaCard cards issued • All clients of the Postal Savings Bank holdDinaCardcards, to be used for payment and cash withdrawal at all ATMs with the DinaCard acceptance mark • Plan: end-2005 – over 2 millionDinaCard cards • In all, over 3 million cards have been issued nationally (DinaCard 1.6 million, VISA 1.2 million, MasterCard 300 thousand, others 300 thousand)

  6. 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

  7. Monthly Turnover in the DinaCard System

  8. OBJECTIVEIV – toprovide a substitute for the deferred payment cheque • Over 20 banks issue DinaCard 3,6,12 credit cards • Banks have stepped up the issuing of VISA and MasterCard credit cards as well • DinaCardcredit card is available to a wide population, with affordable interest ranging from 1 to 1.8% monthly

  9. Share of Credit Card Turnover in the DinaCard System August 2005: DinaCard 3,6,12 account for 19% of turnover (monthly growth of over 100%)

  10. 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 Internet • Co-branding negotiations with international systems

  11. Useful Information • www.nbs.yu/serbian/news/anketa_poslovanje_sa_platnim_karticama.pdf • www.dinacard.nbs.yu

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