Central Bank of Montenegro: How to Boost Banking and Payment Innovation in a Small Developing Economy

Fostering innovation brings with it different challenges depending on the level of development, market size or even the geographic position of a country. When compared to the frontrunners, small markets face barriers that are much more challenging than…

Discover: The Role of Central Banks in Supporting Domestic Payments Schemes and the Benefits for Their Country

The concept of partnering with an alternative international payments scheme that allows for domestic scheme independence while sharing common technology is a model that provides scale, global acceptance, and standardizes the rules for international transactions.