Recommendations for the faster development of e-banking in the area of electronic payments in Montenegro

Journal Title: Acta Economica - Year 2013, Vol 11, Issue 18

Abstract

Analysis of the current situation regarding the development of e-banking, the analysis of factors that determine the development and monitoring of trends in this field, should be a topic of national importance in Montenegro. For this reason, the aim of this paper is to show the current, very unenviable situation in the field of electronic banking services, focusing on the level of use of electronic payment instruments, as well as to analyze the constraints for the wider use of electronic money in this area, and finally, to make recommendations for the promotion of increased use of electronic means of payment in Montenegro. The paper is created as the result of the growing need for popularization of cash flows based on digitization, on the one hand, because financial systems in Montenegro are becoming more complex and demanding. On the other hand, it’s a result of the need to detect and remove major imperfections related to the rules, standards and the usual classical payments that are less effective.

Authors and Affiliations

Биљана Рондовић, Саша Вујошевић, Зденка Драгашевић

Keywords

Related Articles

Actual trends of financial system regulation changes

Every financial system due to risks of its complexity, dynamism and openness, is inevitably controlled and regulated by local and international regulations. Advantages of regulation for the health of the financial system...

Government Finance Statistics in Bosnia and Herzegovina: How far we have come

Fiscal reporting is the first principle of fiscal transparency. Its main purpose is to present accurate picture of government finance and to provide markets, legislatures and citizens with the necessary information to ho...

FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH OF THE CENTRAL AND SOUTHEAST EUROPEAN COUNTRIES

Economic theory suggests that free capital flows increase the efficiency of the resource allocation and stimulate economic growth. Foreign direct investment (FDI) is seen as a remedy for all economic problems in countries...

PRIVATIZATION IN TRANSITION ECONOMIES

I examine the motives for and goals of privatization pursued in transition economies. Following this, I sketch the various techniques of divestment in some sense used up to now. Privatization has been used in a broad sen...

INFLUENCE OF THE POLICIES OF INTERNATIONAL FINANCIAL INSTITUTIONS ON THE ECONOMIC POSITION OF THE REPUBLIC OF SRPSKA

Small, open economies, such as the economy of the Republic of Srpska, are highly dependent on developments in the international economic environment. The unfavorable economic structure inherited from the previous sociali...

Download PDF file
  • EP ID EP43766
  • DOI https://doi.org/10.7251/ACE1318271R
  • Views 266
  • Downloads 0

How To Cite

Биљана Рондовић, Саша Вујошевић, Зденка Драгашевић (2013). Recommendations for the faster development of e-banking in the area of electronic payments in Montenegro. Acta Economica, 11(18), -. https://europub.co.uk/articles/-A-43766