Payments Report 2021
Published: 3 November 2021
The pandemic has given an extra boost to the digitalisation of the payment market. New actors offer fast and cheap payment solutions. At the same time, interest in crypto currencies is increasing. To meet this development, the Riksbank is investigating, in collaboration with other central banks and international organisations, the conditions for issuing a central bank digital currency. The Riksbank is also making preparations to allow instant payments, such as Swish, to be made using the Riksbank’s system. It is the Riksbank’s opinion that those who need to use cash should be able to continue to do so. To achieve this target, the position of cash as legal tender needs to be reinforced.
1. Trends on the payment market
Three trends dominate the payment market at present: Firstly, digitalisation of the payment market has received an...Pandemic hastening development towards digital payments New opportunities and challenges with money in new forms International harmonisation affects Sweden
2. Safety and efficiency
Payments in Sweden are on the whole safe and efficient. Digitalisation has contributed to payments becoming faster...Are payments in Sweden safe? Are payments efficient?
3. The Riksbank's work and policy
The Riksbank is responsible for payments in Sweden being safe and efficient. To meet future needs, the Riksbank’s...RIX further developed to meet future needs The position of cash as legal tender needs strengthening Test of technical solution for an e-krona The Riksbank is actively participating in the international cooperation Glossary