17/04/2025
CBCG and Commercial banks: First SEPA transactions Set for 6 October
In addition to the CBCG, which submitted an application to the European Payments Council (EPC) for adherence to the SEPA payment schemes on 14 April, several system banks in Montenegro that account for 53.4% of the market also did so. The remaining banks are in the final stage of preparing their applications and plan to submit them to the EPC by 15 May 2025. As a result, all banks operating in Montenegro will begin the operational adherence process to the SEPA system, allowing for faster, much cheaper and safer international payments from/to Montenegro starting on 6 October this year, following the EPC’s established timeline.
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