In the first nine months of 2024, 5.4 million checks worth 25.7 billion dinars were issued for purchases, showing a 9% increase compared to the same period in 2023, according to the National Bank of Serbia. Despite the growing popularity of installment payments via cards, checks remain a preferred method for many consumers, especially for larger purchases in supermarkets during the holiday season.
While card payments offer ease and interest-free installments, checks continue to be seen as a reliable and cheaper option due to no interest charges. In 2024, the number of installment purchases via the “dina debit card” also rose, with a 19% increase in the number of transactions and a 31% rise in the value of purchases.
In trade chains, checks are still widely used, especially in stores selling white goods or furniture, where installments can stretch up to 12 months. Cash remains the dominant payment method, but card usage is steadily increasing.
