Iceland Advances Domestic A2A Payment Infrastructure
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Reported on November 9, 2026, the Central Bank of Iceland is preparing domestic account-to-account (A2A) payment infrastructure to support banks and payment service providers in offering instant payments for goods and services. The scheme will establish technical standards, interfaces, and rules, while specific customer-facing services will be provided by the market. Iceland also plans to participate in TIPS, with the goal of being technically ready in the second half of 2028, although the final launch date has not yet been determined. These arrangements are intended to increase payment options and reduce concentrated reliance on international card networks during disruptions to critical services.
AI-written from reports · updated 4 hours ago
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- Payments Cards & MobileIceland’s central bank prepares domestic A2A payments infrastructure to improve resilience
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.
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