The digitalisation of payments is a global trend

In Sweden, the payments market was digitalised early and it is clear that the trend is now global. One reason for this is that Swedish banks were early adopters of Swish, which allows money to be transferred between bank accounts instantly via mobile phones. In Sweden, only Swish is currently available for instant payments, while our neighbouring countries have more options. Another expression of digitalisation is that we see new digital assets such as stablecoins. In addition, most central banks are exploring a digital complement to cash - what we in Sweden call the e-krona.

Published: 14 March 2024