Central Bank of the Republic of Kosovo Governor Ahmet Ismaili briefed business representatives at the Kosovo Chamber of Commerce on the forthcoming TIPS Kosovo (TIPS-K) instant payment rollout and European financial integration. Under the previously announced timetable, banks that are ready will begin offering services on Nov. 23, 2026, with all banks connected by Feb. 23, 2027. New bank transfer fees will apply across all banks from Nov. 23, including those awaiting connection to TIPS-K.

Businesses using participating banks will be able to send and receive funds within seconds, 24 hours a day, seven days a week, facilitating supplier payments, customer collections and liquidity management. The briefing also covered Kosovo’s previously submitted application for geographic inclusion in the Single Euro Payments Area (SEPA). Inclusion would facilitate cross-border euro transfers and lower their costs, particularly for businesses transacting with European partners.

Once all banks are connected to TIPS-K, participation is expected to expand to nonbank payment institutions and electronic money institutions. During 2027, the central bank plans to begin developing additional services on the TIPS-K infrastructure.

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