Kosovo Central Bank Governor discusses SEPA application with Prime Minister

Ahmet Ismaili, Governor of the Central Bank of the Republic of Kosovo, met with Prime Minister Albin Kurti to discuss final preparations for Kosovo’s application to the Single Euro Payments Area (SEPA). The discussions focused on financial sector reforms, including the modernization of financial infrastructure and the alignment of regulatory frameworks with European Union standards.

Governor Ismaili highlighted progress in meeting criteria for the formal application to the European Payments Council. Key developments mentioned include the approval of legislative changes regarding anti-money laundering and countering the financing of terrorism (AML/CFT). Additionally, the Governor provided updates on the development of a fast payment system, referred to as a TIPS Clone, which aims to increase transaction efficiency and reduce costs for citizens and businesses.