Payment Services

Payment Services

The last five years of the Serbian and Montenegrin payment services markets have been marked by the introduction of new players: payment institutions and electronic money institutions. The competition among the established and emerging payment services providers is expected to intensify with further alignment of national laws and EU regulations, such as PSD2. Bosnia is currently lagging behind the regional trend, but it is moving in the same direction.

BDK has been active in the advisory work for the payment services clients since the outset of the market liberalisation. We have been the firm of choice for clients operating locally and in cross-border payment space. We have counselled industry-leading companies on providing payment services and related technology solutions to the local residents. Our capabilities and experience include advising on a broad spectrum of compliance and regulatory matters, including the exemptions to licensing requirements. We can also assists foreign corporates in establishing local subsidiaries or acquiring existing players, and obtaining authorizations from the regulatory authority to provide a range of payment services. We have done work in the field for, amongst other clients, Google, Payoneer, Paysafe, PayPoint, WorldPay, Moneygram.

“Highly regarded banking and finance team with a strong focus on cross-border lending. Well placed to assist with acquisition, project and corporate finance in addition to assisting with regulatory matters. Further expertise in financial services regulation. Advises large international banks and sponsors.

‘strong and experienced team’

Sources appreciate the team’s capability, saying it has ‘both theoretical and practical knowledge.’”


“BDK Advokati AOD advises both lenders and borrowers. The team stands out for its lending transaction expertise, particular regarding structured finance. It also fields experts in payment services. Tijana Kojović’s broad practice includes finance and derivatives, and Dragoljub Cibulić recently advised the lenders on high-profile project finance deals. Senior associate Dragoljub Sretenović is experienced in acquisition, project, and working capital financing.”