E-Payment Systems in Algerian Banks: An Analytical Study (2014–2023)

Abstract

The study aims to describe the processing of large-value payment systems and urgent payments, known as the Real-Time Gross Settlement System (RTGS) for large-value and urgent payments, activated by the Bank of Algeria. It also examines the electronic clearing system for checks and other mass payment instruments, referred to as the Interbank Electronic Clearing System, operated by the Interbank Pre-clearing Center (a joint-stock company) during the period 2014–2023.

Through this study, we concluded that the implementation of the Real-Time Gross Settlement System and the Electronic Clearing System in Algerian banks contributed to the development and facilitation of various payment methods. It enabled the processing of more than 99% of urgent payments conducted between banks and financial institutions.