Describes what a company needs to know to take advantage of e-commerce in the local market and covers prominent B2B websites.
The legal framework for E-commerce in Montenegro includes the E-commerce Law (2004), Electronic Document Law (2008) and the Electronic Signature Law (2005). Since 2014, the most prominent online payment system in the world, PayPal is available in Montenegro, but only for payments from the country. The adopted legislation promotes the secure and efficient utilization of electronic communication by specifying requirements for certain electronic signatures and authorizing the issuance of certificates for electronic signatures.
Statistics regarding the use of computers, broadband penetration, and e-commerce are improving. Due to the increased consumer awareness and demand, the availability of B2C sites has increased in the past few years, including applications for banking, bill payment, consumer products, and grocery shopping, among others.
The Government considers the further development of the digital economy one of its priorities.