Transactions with AIPS-EURO are not stopped - BoA: Payments made through this system reach 1.8 billion euros
The AIPS-EURO system continued to be widely used for large domestic euro payments in the first four months of this year.
According to the latest data from the Bank of Albania, the number of transactions carried out through the AIPS-EURO system in the period January-April 2025 reached 114 thousand, while the amount of payments made through this system at the end of the four-month period amounted to 1.8 billion euros.
Compared to the same period last year, we have a 21.7% increase in the number of transactions with AIPS-EURO, while the value of transactions has also increased by 21.8%.
More payments were made with AIPS in April than in any other month this year. Specifically, in April, over 33 thousand payments were made, amounting to 536 million euros. The figures show an increase of 22.5% in the number of transactions and 18% in their amount compared to April 2024.
The implementation of the AIPS Euro system has provided significant savings, which by the end of 2024 were estimated at around 100 million euros.
The Albanian Interbank Payment System (AIPS) is used by banks to transfer large amounts of money between each other in real time. AIPS enables large, fast and secure payments between banks, helping to maintain financial operations in the country.
AIPS-EURO is used by the government to repay external debt, by large businesses to settle very high-value invoices, and by banks themselves. However, AIPS also indirectly speeds up transactions for citizens, especially when large sums of money are involved. When a citizen makes a large payment, such as buying property or a car, the transaction involves the movement of money between the buyer's bank and the seller's bank. In this case, the buyer's bank uses the AIPS system to quickly and securely transfer funds to the seller's bank.
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