TIRANA, December 5/ATA/ During the tenth meeting of the National Payment System Committee, which held its proceedings in Tirana today, under the chair of First Deputy Governor of the Bank of Albania Luljeta Minxhozi, there was highlighted the need to facilitate the financial inclusion of citizens and increase the volume of payments through digitalization processes.
In his opening remarks, Governor of the Bank of Albania Gent Sejko stated that the last decade has marked a revolution in the field of payments for the Albanian market, radically transforming it in every aspect.
Governor Sejko focused on two key moments that have crowned the Bank of Albania’s several years of work as a catalyst for developments in the field of digitalization of payments.
Firstly, the decision of the European Payments Council to admit Albania to the jurisdiction of the SEPA geographical area marks a political achievement at the national level, as a concrete step towards the country’s integration into the European market.
Secondly, said Sejko, another important development in the field of payments was the operationalization of open banking, which gives the client more choice to make simpler, faster and lower-cost payments and transfers. “Open banking promotes digitalization of lending”, said Sejko.
During the meeting, there were also discussed on priority projects in the field of payments, such as: open banking, SEPA membership and instant payments.
Finally, during this meeting, there was discussed on the fast payments project initiated by the Bank of Albania, focusing mainly on the necessary steps that need to be taken to operationalize the TIPS clone offered by the Bank of Italy and the necessary engagement of market actors in this regard. /j.p/p.s./
