Stickers for contactless payment in Montenegro
Societe Generale Montenegro has introduced a new contactless payment product: MasterCard stickers. They enable transactions to be carried out using NFC (Near Field Communication) technology the same way as contactless cards.
Contactless technology is a quick and easy card payment system allowing customers to pay for goods and services without entering a PIN, for amounts below €15 (in Montenegro). The customer only has to put his/her card close to a POS terminal supporting contactless payment to complete the transaction. Furthermore, Societe Generale Montenegro has decided to recommend an SMS info service to all clients using contactless cards, in order to prevent theft.
These innovations are assets for both customers and shopkeepers, as they allow faster transaction times.