Electronic payments record in 2025 - BoA: Albanians are using more online "channels" to pay bills
Payment of electricity, water, telephone bills, police fines, credit card payments, taxes, and other purchases are increasingly being made online or physically by card.
The latest data from the Bank of Albania shows that in the first half of the year, around 5 million home banking transactions were carried out, or 22.6% more than in the same period in 2024.
Meanwhile, regarding payments made by card at POS terminals, they have increased by 42% compared to January-June 2024. Specifically, in the first half of 2025, 12.5 million card payments were made at POS terminals.
Also, the AECH and AIPS payment systems have undergone another development in recent years. According to statistics, the number of transactions carried out with AECH reached over 1 million in January-September of this year.
On the other hand, 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 through the AIPS EURO system reached 218 thousand at the end of the first seven months.
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%.
Since its launch in 2022, AIPS Euro has provided significant savings for Albanian citizens. Specifically, 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 Bank of Albania has undertaken several efforts to modernize payment systems and promote electronic payments, ranging from reducing commissions to SEPA membership or implementing the fast payment system from next year.
Despite these figures showing an increasing trend of electronic payments from year to year, physical money continues to be widely used for making purchases or receiving services. The Albanian economy could save billions of euros by replacing physical cash payments with electronic payments.
"Nickel in peaches originating from Albania" - Croatia blocks and destroys over 5500 kg of product!
The National Food Authority announces that on 22.08.2025, Albania has been notified by the RASFF System, in the category Notification for border rejection......
Business trade with the EU is made easier - New transit system. Reduced waiting time at the border, more security
Albanian businesses will have more ease in trading with European Union countries, benefiting from reduced waiting times and bureaucracy. Within the......
Businesses will manage their own waste - They will finance collection and recycling. "Salty" fines if they are not met
Every manufacturing entity that develops, produces, processes, treats, sells or imports products that generate waste after use will have obligations to......
Zero commission for electronic payments up to 40 thousand lekë - BoA approves new regulations for AIPS and AECH payment systems
Electronic payments up to 40,000 lek will be commission-free for citizens. The Bank of Albania has just approved new regulations for the AIPS, AIPS EURO and......
Employees, in search of financial well-being - USA, the number of people seeking help in this sector doubles
While nearly 7 in 10 employees (68%) remain optimistic about their financial future over the next three years, many are seeking advice on long-term savings......
Tirana-Durrës Highway Expansion - Tender for Phase III closed without complaints, paving the way for the selection of the company
The tender for the third phase of the Tirana-Durres highway expansion has been closed without complaints, paving the way for the selection of the winning......
The world's largest free trade area is created - 830 million consumers benefit. EU-Mercosur agreement goes to vote
The European Commission has presented to the Council proposals for the final signature of the EU-Mercosur Partnership Agreement and the EU-Mexico Modernised......
Google "punished" for privacy violations - Fined $425 million for illegal data collection
A federal jury has ruled that Google must pay $425 million for violating user privacy by continuing to collect data on millions of users who had disabled a......
