- Montenegro is modernizing its payment system with a focus on SEPA integration and IBAN adoption
- The RTS/X and TIPS Clone platforms are being launched for instant payments
- Full SEPA functionality is expected to start on October 6, 2025
- These efforts aim to improve security, efficiency, and EU alignment in the financial system
- The Central Bank of Montenegro held a session of the National Payment Committee to discuss these initiatives
- Discussions included SEPA integration, SEPA pricing, and the TIPS Clone project
- IBAN introduction will enhance security, efficiency, and regulatory compliance
- SEPA accession is on schedule with technical testing and tariff finalization in progress
- The TIPS Clone system will allow 24/7 real-time instant payments
- The National Payment Committee includes representatives from various sectors and promotes safe and efficient payment services
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
