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NewsMontenegro, March’s payment turnover is 30% higher than February’s

Montenegro, March’s payment turnover is 30% higher than February’s

The value of realized payment transactions for 23 working days in March amounted to EUR 1.78 billion, which is almost 30 percent more than in February, according to data from the Central Bank (CBCG).

Of that, 94.23 percent was realized in the Real Time Gross Settlement (RTGS) system, and the rest in the Deferred Net Settlement (DNS) system.

In the RTGS system, individual payment transactions between participants are performed on a gross basis in real time, and in the DNS system, interbank payment transactions are made on a net basis in delayed time.

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“In March, 1.15 million orders were processed in 23 working days, of which 38.51 percent in the RTGS system, and the rest in the DNS system,” the CBCG report states.

The average daily volume of realized payment transactions in the RTGS and DNS system, expressed through the number of orders, amounted to 49.99 thousand orders, while the average daily value of payment transactions amounted to EUR 77.5 million.

In March, for 12.54 thousand minutes of production, there were no interruptions in the operation of the system, so its availability was 100 percent.

 

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