Payments in Sweden 2020

The coronavirus pandemic has affected how people in Sweden and abroad are making payments

Increased focus on central bank digital currency

Published: 29 October 2020

During the pandemic, the central banks’ work on developing central bank digital currency has intensified. In Sweden, there has long been a trend towards a cashless society but, in other countries, cash payments did not decrease until the pandemic started. This has led more central banks and international organisations to accelerate their work on digital payment solutions and to initiate international cooperation on central bank digital currency (see International cooperation on central bank digital currency).