Euro payments with AIPS "peak" - BoA: Over 218 thousand transactions in January-July, almost 22% more than in 2024
The amount of payments in euros made through the AIPS system hit a new record in July.
According to data from the Bank of Albania, the number of payments made within the country with the AIPS EURO system reached 218 thousand at the end of the first seven months. The figures show that July turned out to have marked a record, especially in terms of the amount of payments in euros, which reached 556 million, while the number of transactions was 36 thousand.
If we make a comparison with the period January-July 2024, the number of payments made with AIPS EURO has increased by 21.8%, while their amount also results in an increase of 22.7%. In total, the amount of transactions made with AIPS reached 3.4 billion euros in January-July 2025.
Although the number of payments has been increasing month by month, their amount has been decreasing since March, reaching a low of 510 million euros in June. July would mark for the first time an increase of almost 9% compared to June.
Since its launch in 2022, AIPS Euro has provided significant savings for Albanian citizens. With the national AIPS Euro system, several ceiling commissions were set for national transfers in euros, significantly reducing the costs for citizens in making payments in euros within the country. The operation of the AIPS Euro payment system saved businesses and citizens over 37 million euros in 2023. By the end of 2024, the savings were estimated at approximately 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.
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