The government today adopted the Financial Technology Strategy for Montenegro, for the period 2025-2029. year, as evaluated, is a significance step to support the development of the digital economy.

The Government announced that the goal of the strategy is to encourage innovation, economic inclusion, consumer protection and the growth of domestic “fintech” companies.

“The citizens of Montenegro will benefit from modern, faster and more affordable financial services. For the business sector, the Fintech Strategy opens the door for new partnerships, innovative products and services, which will improve economic growth and job creation. The digitization of the financial sector allows faster transaction processing, cost reduction and greater transparency, “they said from the government.

Financial technology (FINTECH) is one of the most important drivers of transformation in the modern financial sectors. By combining innovative technological solutions with traditional financial services, “Fintech” allows faster, more efficient and affordable financial services. The introduction of “Fintech” innovation brings numerous advantages for both individuals and companies and the entire economic system, they said from the government.

“Fintech presents the future of financial services and has the potential to transform the way we approach and use financial services. The adoption of the Fintech Strategy is a necessary step towards creating a stable, safe and innovative environment that will enable further development of this sector. Through regulatory support, stimulating innovation, educating citizens and strengthening cooperation, that Montenegro takes all the benefits that Fintech is made in the region as a country competitive to launch Fintech solutions, “said the government.

With the Central Bank, the Ministry of Finance, with the support of the European Fund for Southeast Europe, performed broaden sectors in order to prepare activities that aims to improve the coordination of all participants and harmonization of the Montenegrin financial sector with the best European and international practices.

It has been announced that the Government and the Ministry of Finance, together with the Central Bank, the ICT community and other participants from the financial sector, will be dedicated to the implementation of the activities recognized by the Strategy and Action Plan for 2025-2026.

“The implementation of the activities from the Strategy will enable Montenegro to respond more effectively to the challenges and opportunities that digital transformation in the financial sector, ensuring competitiveness and sustainable development in accordance with European standards,” they said from the government.