Over the last decade, a number of technology companies – known as Fintech companies – have become established on the payment market in Sweden. Several of these have introduced new, convenient ways of paying and have thus helped make payments in Sweden easier and more secure. The Fintech sector in Sweden is well placed from an international perspective. The reasons for this are that the digital infrastructure is well-developed and that IT know-how among the population is strong.
The continued contribution of the Fintech sector to the development of the payment market will require a clearer and more comprehensive regulatory framework that both promotes financial stability and encourages customers to trust the services offered by the new actors. This is a task for politicians and authorities both in Sweden and on the EU level.