Payments and e-commerce in Montenegro

Exactly 80% of Montenegrins are connected to the Internet and 77% have an Internet-enabled smartphone. Between 2022 and 2025, the e-commerce market in Montenegro is expected to grow at a rate of 16% a year [1]. Montenegro is a well-connected small and compact market with good links to the main centres of European commerce and logistics.

Almost three quarters of adults in Montenegro have a bank account. The digital payments market was worth US$1.1 billion in 2022 and is projected to grow at a rate of 21% a year between 2022 and 2027 [2]. Any e-commerce merchant that doesn’t have a local payment strategy is potentially missing out on a huge chunk of the online market in Montenegro.

1. https://www.statista.com/outlook/dmo/ecommerce/montenegro
2. https://www.statista.com/outlook/dmo/fintech/digital-payments/montenegro