The Central Bank of the Republic of Kosovo, together with the Kosovo Banking Association, held a workshop on instant payments and the TIPS Clone platform to work through the technical and operational requirements for implementation. The initiative is being developed in cooperation with the Bank of Italy and brought together representatives from Kosovo’s banking sector and international expertise. Deputy Governor Dardan Fusha framed the project as a modernisation of payment infrastructure aligned with European standards, targeting 24/7 availability and execution in seconds rather than hours or days for citizens, businesses and public institutions. Discussions and presentations covered the TIPS Clone technical and operational set-up, European Union legal and market practices, scheme documentation and implementation steps, liquidity management, security and fraud prevention, and the operational and IT implications of continuous processing. The central bank also highlighted that later membership in the Single Euro Payments Area could extend the reform by enabling low-cost, efficient and secure cross-border payments.
Central Bank of the Republic of Kosovo 2025-09-25
Central Bank of the Republic of Kosovo convenes banking sector workshop on instant payments and the TIPS Clone implementation project
The Central Bank of the Republic of Kosovo, in collaboration with the Kosovo Banking Association and the Bank of Italy, held a workshop on implementing instant payments via the TIPS Clone platform. The initiative aims to modernize payment infrastructure to European standards, ensuring 24/7 availability and rapid execution. Future membership in the Single Euro Payments Area could further enhance cross-border payment efficiency.