Macedonia links up with EU payment infrastructure
Central bank announces local interbank payment system will connect with Target2 via Bank of Italy
Macedonian banks that have accounts with the Macedonian Interbank Payments System (Mips) will soon be able to make euro payments through Europe’s Target2 payments infrastructure.
The small European nation, which is not yet part of the European Union, began working on connecting Mips with Target2 at the start of 2017.
“Mips was upgraded to making euro payments and connecting to TARGET2 through the Bank of Italy,” the National Bank of the Republic of Macedonia (NBRM) announced in a statement
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