Norway joins Target instant payments system

Country becomes first non-EU member to settle payments in Tips

Norges Bank HQ, Oslo
Norges Bank headquarters, Oslo
Esten Borgos

Norges Bank and the European Central Bank (ECB) have agreed to allow krone-based payments to be settled through the Eurosystem’s Target Instant Payment Settlement (Tips) system.

The two institutions announced the news today (November 29), five months after Norges Bank’s board gave its governor the go-ahead to finalise discussions with the ECB. The ECB said the krone would be fully integrated into Tips by “the first half of 2028”.

Norges Bank governor Ida Wolden Bache said a well-functioning

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.