VIDOVIĆ: SRPSKA IS PARTNER IN REGIONAL CASHLESS PAYMENT PROJECT

BANJA LUKA, JUNE 17 /SRNA/ - Republika Srpska will serve as an institutional partner in a regional cashless payment project aimed at making payment transactions easier, faster, more efficient, and less costly, Republika Srpska Minister of Finance Zora Vidović said today.

Following the signing of a Memorandum of Cooperation within the framework of the "Better Way – Cashless Payment Initiative" project, co-financed by the Government of Germany, Visa, and Mastercard, Vidović said she expects the project to deliver positive results and contribute to the development of Republika Srpska. She said that the project's objectives include increasing the level of cashless payment transactions, which would reduce the grey zone and make all related operations more efficient and less costly. "To that end, we have submitted several laws to the National Assembly, and we expect them to be adopted in July," Vidović told reporters in Banja Luka after the signing of the Memorandum at the premises of the Republika Srpska Chamber of Commerce. Goran Račić, the President of the Republika Srpska Chamber of Commerce, stated that the Chamber will promote a new project aimed at enhancing the competitiveness of Republika Srpska's economy, as the ultimate goal is to reduce the costs of card payments.