Payments in Sweden 2020

3. The Riksbank is adapting to a changing world

3. The Riksbank is adapting to a changing world

Swedish payments to be integrated internationally

Electronic payments are based on communication between the parties involved in the payment – the systems must therefore communicate using the same ‘language’. International work is in progress to design notifications in a way that simplifies payments. The Riksbank and ECB are also investigating the possibility of using the TIPS platform for instant cross-currency payments.

Published: 29 October 2020

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