NewsSeptember payment transactions in Montenegro total €2.12 billion, marking 0.5% decrease

September payment transactions in Montenegro total €2.12 billion, marking 0.5% decrease

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In September, the total value of payment transactions over 21 working days amounted to €2.12 billion, representing a 0.5% decrease compared to August, according to the Central Bank of Montenegro (CBCG).

Of this total, 93.86% was processed through the Real Time Gross Settlement (RTGS) system, while the remainder was handled via the Deferred Net Settlement (DNS) system.

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The RTGS system facilitates individual payment transactions between participants on a gross basis in real time, whereas the DNS system processes interbank transactions on a net basis with a delay.

In September, a total of 1.25 million orders were executed, with 38.24% processed through the RTGS system and the rest through the DNS system.

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The average daily volume of payment transactions in both systems, measured by the number of orders, was 59,730 orders, while the average daily value of these transactions reached €100.97 million.

Throughout September, there were no system downtimes for 11,450 minutes, resulting in 100% system availability.

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