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The Republic of North Macedonia

No Open Banking

North Macedonia is a country in southeastern Europe, known until 2019 as the Republic of Macedonia.

According toĀ The Global Findex database, 81% of MacedoniansĀ had access to the internet.Ā 

The law onĀ Payment Services and Payment SystemsĀ is drafted based on PSD2.

North Macedonia isĀ harmonising with the PSD2.

According toĀ The Global Findex Database, 85% of Macedonian adults had bank accounts in 2021, leaving 15% unbanked.Ā 

Open Banking is included inĀ the central bank strategy, and they have a working group dedicated to Open Banking.

In 2019,Ā 7 FintechsĀ operated in North Macedonia. According toĀ Tracxn, there are 12 Fintech startups in Skopje as of 2022.

In 2019,Ā 7 FintechsĀ operated in North Macedonia. According toĀ Tracxn, there are 12 Fintech startups in Skopje as of 2022.

The Central Bank of North Macedonia has establishedĀ an innovation hubĀ in order to adopt Fintech.

North Macedonia isĀ harmonising with the PSD2.