A new online app from Eurobank allows the bank's credit card users to set up transactions in installments, according to a bank press release.

“As a bank that is committed to its customers, we wanted to provide them with a quicker and easier way to divide their transactions into 3, 6, 9, or 12 installments using the online app, making money management more efficient," Magdalena Tatic, head of the bank's Household Lending Division, said in the release. "We are especially proud of the fact that we are the first bank in Serbia to introduce this new feature for customers. We want to invite them to try it out and see for themselves how simple and efficient it is."

The application is available on the bank's website. Setup also requires a registered mobile phone number so the app can send a one-time code via SMS text message, according to the release.