The Central Bank of Bosnia and Herzegovina (CBBH) has established a domestic instant payment system, which is the most significant step forward in the modernization of Bosnia and Herzegovina's payment infrastructure in the last 25 years.

This system makes it possible for citizens to send and receive funds within seconds, regardless of working hours, weekends or holidays (24 hours a day, 7 days a week, 365 days a year). Instant payments represent an important step forward in the modernization of Bosnia and Herzegovina's financial sector. They will enable faster, simpler and safer execution of transactions, which will improve the user experience of citizens and businesses and further encourage the financial services digitalization.

Although payments are carried out within seconds, security remains one of the key priorities. Banks will continue to apply all the existing security mechanisms to authenticate users, monitor and detect suspicious transactions, manage operational risks and prevent fraud.

Decisions:

Decision on the establishment of instant payment system

Decision on rules of operation of instant payments

Instant payment within seconds, 24 hours a day, seven days a week, throughout the year

Instant payments bring numerous benefits to citizens, businesses, banks and the overall economy of Bosnia and Herzegovina.

Citizens and business entities, bank customers will be able to execute payment transactions within a few seconds, regardless of whether it is a working day, weekend or holiday.

They bring faster inflow of funds, more efficient cash flow management and better liquidity to the economy.

At the level of the overall economy, instant payments can increase the efficiency of payments, improve corporate liquidity management and stimulate innovation in financial technology. In long term, this contributes to increasing the competitiveness of the domestic economy, harmonization with modern European standards and creating a more attractive business environment for investments and the development of new digital services.

The system has been available to all commercial banks in Bosnia and Herzegovina since the very beginning, and those banks that have so far made all the necessary technical adjustments and successfully passed the test for operation have joined: