Open Banking in Serbia
Since 6 May 2025, Open Banking has been mandatory in Serbia: banks must provide account information and payment services to third-party providers via open APIs, in line with the EU PSD2 standard.
With its ndgit Open Banking Suite, Qwist offers:
- A complete feature set for PSD2, IPR, PSD3 and PSR
- Robust and secure API delivery
- Support for typical Open Finance use cases with third-party authorisation
- Ongoing updates for regulatory changes
Country-specific characteristics and challenges
Market profile and growth potential
Open Banking in Serbia is still in its early stages. Only around 20% of the population currently use online banking; the FinTech landscape is small but growing. The National Bank of Serbia has established the regulatory framework for Open Banking and has required banks to share account data with third-party providers at the request of customers. Serbia is increasingly aligning itself with European PSD2 standards.
The growth potential is significant: the authorities are promoting innovation and, with a FinTech sandbox, are providing a testing ground for new models. Digital adoption is on the rise: 75% of Serbia’s population have internet access, and there is growing acceptance of digital services. Forecasts predict further increases in transaction volumes and strong growth opportunities for digital banks.
connected financial institutions
11
representations in European countries
#1
Open Banking provider in the DACH region
BaFin
Certified
Qwist products
for Serbia
Outlook: Open Finance in Serbia
Problems and perspectives
How well is Serbia prepared for Open Finance?
With the full alignment of its payment services legislation to PSD2 and the introduction of mandatory Open Banking interfaces in May 2025, Serbia is well positioned from a regulatory perspective to embrace Open Finance.
Open Banking worldwide 2025 – global insights
We have analysed the global state of Open Banking development and summarised the findings, with the support of numerous experts, in a report of over 50 pages.
Discover more about:
- The state of Open Banking development across all continents and leading countries
- A maturity index for all analysed countries
- Regional challenges, opportunities and the most common use cases
- The global integration of banking ecosystems since 2019