Iceland’s central bank prepares domestic A2A payments infrastructure to improve resilience

AI-assisted source summary · not independently verified. Content standards

Iceland’s central bank is preparing domestic A2A payments infrastructure to enable banks and payment service providers to offer instant account-to-account payments for goods and services. The plan will set technical standards, interfaces and rules, while the market will provide customer-facing services; Iceland also plans to participate in TIPS, with the goal of being technically ready in the second half of 2028, but the final launch date has not yet been determined. The combination is intended to increase payment routes and reduce concentrated reliance on international card networks during disruptions to critical services.