A new version of the Automated Interbank Payment System (AIPS) was launched. The new functions ensure a higher level of automation of the whole chain of payments – from the initiation of these by the payer to the receiving of the money by the beneficiary. According to the National Bank of Moldova, the advantages of modernization will be felt and appreciated by the users of payment services in Moldovan lei – both private individuals and legal entities, IPN reports.
In accordance with the concept for developing the payments sector of the Republic of Moldova, the modernization of AIPS is a first stage of the actions that are to be taken by the Bank. This will be followed by the implementation of instant payments nationwide, as part of the second stage.
“The moves are aimed at developing the payments sector in the Republic of Moldova. These are designed to facilitate the modernization of payment services and to offer the financial community a system of payments that incorporates the high-performance infrastructure and modern payment instruments that meet the needs of consumers,” noted the central bank.
AIPS was implemented in 2006 and is managed and operated by the NBM. In 2021, AIPS was used to process 13.8 million transactions to the value of 1,083 billion lei, up 9.8% by number and 0.7% by value on 2020. The average daily volume of operations in AIPS was 54,600 transactions to the value of over 4.3 billion lei.
In the course of 2021, the average availability of the system for participants was 99.9%. This points to the high capacity of the AIPS to work without interruption or incidents.
