Albanian Interbank Payment System - AIPS


The Albanian Interbank Payment System  is a Real-Time Gross Settlement system. AIPS processes all interbank large-value payments. This system is based on the SWIFT Y-Copy service and currently there are 16 direct participants that are members of the Closed Users Group (CUG) .

The system has been running live since January 31, 2004. The AIPS operating day begins at 8.00. The system settles interbank payments and customer payments till 15:30. From 15:30 till 16:00, the system accepts for processing only interbank market transaction and the system settles only the transactions initiated by the Bank of Albania. After 16:30 dawn closing of the day.

AIPS processes all systemically important payments in ALL (Albanian Lek). Such payments include interbank payments and customer payments equal to or exceeding 1.500.000 ALL.

Cick on the following links, to read more about the AIPS :


Regulatory framework: 



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