What is the payment gateway in Montenegro?

09 Oct 2023 By PAYCEC

There is no specific payment gateway in Montenegro, and it largely relies on international payment options. Here are some payment methods used in Montenegro:

1. Credit and Debit Cards:

Credit and debit cards, especially Visa and Mastercard, are widely accepted for payments at most businesses in Montenegro, including hotels, restaurants, and retail shops. Contactless payments using cards or mobile wallets have also become increasingly popular.

2. Cash:

Euros (EUR) are commonly used for everyday transactions in Montenegro. ATMs are readily available throughout the country for cash withdrawals.

3. Bank Transfers:

Bank transfers are ideal for large transactions, including property purchases, rent payments, and international money transfers. Montenegrin banks offer various banking services to facilitate these transactions.

4. Mobile Payment Apps:

International mobile payment apps like Apple Pay and Google Pay are available for contactless payments at compatible merchants. Some local banks may offer their mobile banking apps with payment functionalities.

5. Online Payment Platforms:

Montenegro residents and businesses often use payment platforms like PayCEC and other international payment gateways for e-commerce transactions, enabling them to conduct online shopping and international trade.

6. Checks:

While less common than electronic methods, checks may still be accepted for certain transactions, particularly in the business-to-business (B2B) context.

7. Cryptocurrencies:

Like in many countries, the acceptance of cryptocurrencies like Bitcoin and Ethereum in Montenegro is growing. Some businesses and individuals may accept cryptocurrencies for specific transactions, but their use is not yet widespread.