Montenegro, July 29 -- The World Bank's Board of Executive Directors approved today a EUR 8 million loan to Montenegro to help modernize the country's digital payments infrastructure, expand access to digital financial services for businesses and consumers, and lower the costs of domestic and international transactions.The Montenegro Financial Infrastructure Modernization and its Alignment with Single Euro Payments Area (SEPA) Standards Project (TIPS Clone Project), will support the introduction of fast or near-instant digital transactions, making financial services more accessible and widely available.By modernizing the payments infrastructure and helping reduce transaction costs in an economy heavily reliant on international monetary infl...