03/02/2025
Montenegro and SEPA: Faster and cheaper transactions from 5 October
The European Payments Council (EPC), the umbrella body of the Single Euro Payments Area (SEPA), has set 5 October 2025 as the operational readiness date for Montenegrin banks to switch to SEPA payment schemes. Beginning on this date, Montenegro’s citizens and the economy will be able to perform the first transactions through the SEPA system, enabling faster and highly cheaper money transfers within the EU and beyond. This decision followed the updated EPC announcement on 15 January 2025 and represents a significant step in integrating the Montenegrin payment system with European standards.
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