Top payment methods in Montenegro: A guide on best ways to pay
Wondering what the most popular ways to pay are in Montenegro? Explore the top payment options and choose wisely.
Montenegro, with a population of around 634 thousand people, has a GDP of approximately 8.56 billion making it the 153rd largest economy in the world. The official currency of Montenegro is the Euro (EUR)
The economy is driven primarily by tourism along its Adriatic coast and a growing energy sector. It uses the euro and is a candidate for EU membership, with the EU and neighboring Serbia as its main trading partners.
| Country | Montenegro |
|---|---|
| Population | 634 thousand |
| GDP (USD) | 8.56 billion |
| Global Ranking | 153rd |
| Currency | Euro (EUR) |
Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
What is the main payment method in Montenegro?
The most common payment method for everyday expenses, especially in smaller towns and at local markets, is physical cash in the form of the Euro. In tourist areas, supermarkets, and larger cities, debit and credit cards are widely accepted. For paying utility bills and conducting other formal transactions, bank transfers are the standard method.
How to pay in Montenegro
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Montenegro.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Cash (Euro) | The Euro is the official currency, and cash is the dominant and most important payment method for the majority of daily transactions. | In-person |
| Cards (Visa/Mastercard) | In tourist areas and larger cities, credit and debit cards are widely accepted at hotels, restaurants, and supermarkets. | Online/In-person |
| Bank Transfers | Bank transfers are a standard method for larger and official payments. | Online |
| Mobile Banking | Local banks offer mobile apps for basic banking services and transfers. | Online |
Traveling beyond Montenegro? Explore payment methods by country.
Is PayPal available in Montenegro?
Yes, PayPal is accepted in Montenegro.
Cover all your international travel expenses with the Wise Multi-Currency Card
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.