MEDIUMVulnerability
Global

Iceland to join Target Instant Payment Settlement System

·Source: Finextra

Updated:

Executive Summary

Iceland is the latest non-European country to join the Eurosystem’s Target Instant Payment Settlement System (Tips), paving the way for payments in Icelandic króna to be settled instantly in central bank money as of 2028.

Analysis

Iceland is the latest non-European country to join the Eurosystem’s Target Instant Payment Settlement System (Tips), paving the way for payments in Icelandic króna to be settled instantly in central bank money as of 2028.
Source Attribution

Originally published by Finextra on Jun 24, 2026.

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