29.01.2025. General Secretary Bratislav Pejaković, MSc, UBCG, with the support of the President of the Board for Card Services at UBCG, Aleksandar Pajević, had a meeting with representatives of the World Bank. The World Bank, in cooperation with the CBCG, is conducting an assessment of the acceptance of electronic payments (EPA – Electronic Payment Acceptance) in Montenegro, which will include a detailed analysis of the current state of electronic payments and provide recommendations for activities that would improve the acceptance and use of electronic payments in the country. The subject of the UBCG meeting with representatives of the World Bank […]

SEPA workshop held on January 16, 2025. with the support of the Central bank of Montenegro. This workshop was highly technical in nature, with special emphasis on SCT SEPA scheme, the new EPC Rulebook and related topics. Lecturers hired by CBCG Kjeld Herreman: with more than 15 years of experience in payment systems, Kjeld is a founding partner of Paylume and Francis De Roeck: A prominent payment expert with a significant role in the development of SEPA schemes through the European Payments Council (EPC). The focus of the workshop was on the regulatory and technical aspects of the accession of […]

15.01.2025. The auditing company EY was engaged for the presentation of the SEPA process through UBCG and with the sponsorship of EFSE, i.e. Finance in motion, the German development fund. EY is a global leader in providing business consulting, auditing, tax consulting and transaction advisory services. What we at Association of Banks of Montenegro insist on, when organizing workshops is that an interactive approach is implied throughout the workshop, so that the participants at the very beginning of the training were encouraged to participate in the discussion and ask questions throughout the workshop. Training objectives ► Understand what is SEPA […]

Today, November 21, 2024, Montenegro officially became part of the Single Euro Payment Area – SEPA. Under the leadership of the Central Bank of Montenegro, Montenegro made significant efforts to harmonize the national payment system and current regulations with European Union (EU) standards, thanks to which it became the first country in the Western Balkans to join the SEPA geographical area, fulfilling one of the key goals of on its way to European Union membership. Accordingly, all participants of the payment schemes of the European Payment Council (EPC) will be able to send and receive SEPA credit transfers (SCT), SEPA […]

On 28.11.2024. In the Association of Banks of Montenegro, a meeting was held between the General Secretary of the UBCG and the representative of the CBCG, who, with the partnership support of the EBRD and the Frankfurt School of Finance and Management, joined the global initiative to strengthen the economic potential of women through the realization of the We Finance Code project in Montenegro. It is an initiative through which financial service providers, regulators and other actors from the private and public sector undertake to work together to increase the financing of micro, small and medium enterprises businesses owned and/or […]