The Central Bank of the Republic of Kosovo announced that instant payment services through TIPS-K, also known as TIPS Clone, will begin gradually on Nov. 23, 2026. Banks that are ready will offer the service from that date, with all banks to connect by Feb. 23, 2027. Participating banks’ customers will be able to transfer funds within seconds, 24 hours a day, seven days a week. The timetable follows an earlier target to begin a pilot by the end of November, subject to successful technical testing and operational readiness.

All banks will apply transfer fees equivalent to those of TIPS-K from Nov. 23, whether or not they have connected to the system. Transfers up to EUR 300 will be free for the first three months and cost EUR 0.05 thereafter. Transfers above EUR 300 and up to EUR 3,000 will carry a maximum fee of EUR 0.15. In the final phase, transfers above EUR 3,000 and up to EUR 10,000 will be permitted within the first year of operation, with a maximum fee of EUR 0.30.

Once all banks are connected, TIPS-K will be fully operational and available for wider use. A subsequent phase envisages participation by nonbank payment institutions and electronic money institutions.

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