According to Serbian Economist, the Central Bank of Montenegro (CBCG) is preparing to implement an instant payment system in accordance with SEPA standards, which is expected to speed up transactions and bring the country’s financial infrastructure in line with pan-European regulations.
This involves the launch of instant payments that will allow transfers in euros to be made within seconds, 24 hours a day, seven days a week. The project is being implemented as part of Montenegro’s broader integration into the EU payment area.
The Central Bank notes that the introduction of SEPA Instant is aimed at improving the efficiency of the payment system, reducing transaction costs, and improving conditions for businesses and citizens, especially in cross-border payments.
In the long term, this should simplify financial transactions with the EU, enhance the country’s attractiveness to investors, and accelerate the development of digital financial services.
Montenegro, which uses the euro as its de facto currency, is actively adapting its financial infrastructure to European standards.
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