Global cooperation and good statistics are important
Published: 15 December 2022
Smooth and cheap cross-border payments can contribute to economic growth, international trade, global development and financial integration. Global cooperation is a prerequisite for this. It is therefore important that the Riksbank and other actors in the Swedish payments market become involved in the international work being done to improve cross-border payments.
Following the development of cross-border payments requires good statistics. Today, there is often a lack of data on payments from Sweden to foreign countries and the statistics that do exist are of poor quality. To improve this, targeted surveys on cross-border payments are needed. Such surveys cost money and the Riksbank believes that the authorities with an interest in improving cross-border payments should review how these costs can be shared.