Nova banka - a new member of the Instant Payment System of Bosnia and Herzegovina – IPS BH

Nova banka has also joined the Instant Payment System of Bosnia and Herzegovina – IPS BH, which continues the expansion of the network of banks that enable their clients to use new generation payment services.

"Each new bank joining the Instant Payment System of Bosnia and Herzegovina is an important step towards the achievement of our goal – to make modern, safe and fast payment infrastructure available to all citizens and businesses in Bosnia and Herzegovina. I am especially pleased that the number of participants is continuously increasing, as this confirms the trust in IPS BH and the joint commitment to the modernisation of payment transactions. I believe that other banks will soon join this process, to the benefit of all payment service users in Bosnia and Herzegovina", said Governor Jasmina Selimović, Ph.D.

The advantages of instant payments for clients of IPS BH member banks are:

🔹 Execution of transactions within a few seconds.

🔹 Availability 24 hours a day, 7 days a week, 365 days a year

🔹 Payments regardless of working hours, weekends and holidays

🔹 Faster and more efficient transfer of funds

„When we speak about digital transformation, we are not only speaking about new technologies, but about saving time and making everyday life simpler. Instant payments mean that money arrives in seconds, when someone really needs it, whether you are helping a family member, paying for a service, or finishing a business task in the evening. This is a change that our clients will feel in their daily lives. That is why we are particularly pleased that Nova banka is among the first banks in Bosnia and Herzegovina to provide this service. We continue to invest in digital solutions that are not an end in themselves, but bring real value to our clients and contribute to the modernisation of the banking sector in Bosnia and Herzegovina", said Siniša Adžić, President of the Management Board of Nova banka.

The Central Bank of Bosnia and Herzegovina has established IPS BH and provided access to all commercial banks in the country that meet the necessary technical and operational conditions.

Each new bank in the system means a step closer to making instant payments a part of everyday life for all households and businesses in Bosnia and Herzegovina.