The Central Bank of the Republic of Kosovo published a recap of Deputy Governor Dardan Fusha’s participation as a panellist at the World Bank Global Payments Week 2025, where he outlined regional work to modernise payment systems and support faster and cheaper cross-border payments in line with the G20 cross-border payments roadmap. Fusha presented progress under two regional initiatives implemented with World Bank support, an European Union-backed Payment Systems Modernisation Project and a SECO-funded Remittances and Payments Programme. He pointed to the region’s increasing alignment with the Single Euro Payments Area (SEPA), including Kosovo’s ongoing membership process, and cited potential annual savings for Kosovo of more than EUR 55 million from SEPA membership. The discussion also covered the TIPS Clone instant payments initiative developed by the Bank of Italy with European Central Bank approval, remaining challenges such as high cross-border fees and access to European Union payments infrastructure, and wider themes including interoperability of instant payments, artificial intelligence for security and fraud prevention, blockchain, stablecoins and asset tokenisation.
Central Bank of the Republic of Kosovo 2025-07-10
Central Bank of the Republic of Kosovo highlights SEPA accession and TIPS Clone regional instant payments at World Bank Global Payments Week 2025
Deputy Governor Dardan Fusha participated in the World Bank Global Payments Week 2025, discussing Kosovo's efforts to modernize payment systems and enhance cross-border payments. Initiatives include the EU-backed Payment Systems Modernisation Project and SECO-funded Remittances Programme, aligning with SEPA for potential savings of over EUR 55 million. Challenges like high cross-border fees and EU payments infrastructure access were also addressed, alongside themes like instant payments interoperability and AI for security.