About
Kosovo's Interbank Payment System (IPS) is the country's only payment system, owned and operated by the Central Bank of the Republic of Kosovo, built on ISO 20022 and live in its current form since July 2016. Its direct participants are Kosovo's commercial banks, the central bank, the Treasury and the Kosovo Pension Savings Fund, while microfinance institutions and insurers connect through them. Priority payments and payments over EUR 10,000 settle in real time between 08:15 and 15:45, while smaller payments clear in three daily ACH sessions. It is not yet a 24/7 instant scheme; in September 2026 the central bank said its TIPS Clone project should add that by the end of 2026.
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