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Efforts for smoother international payments

07/11/2019 -

A number of banks and innovative companies abroad and in Sweden are taking various initiatives to make international payments easier. One example is the Utility Settlement Coin (USC), which is run by 13 major international banks. USC can be seen...

Payments & cash / Payments Report

Payments within the EU are relatively rapid and inexpensive

07/11/2019 -

Implementing a payment between two individuals with accounts in different banks requires information and money to be exchanged between the banks. An infrastructure is required for this to take place in a rapid, secure and straightforward manner.

Payments & cash / Payments Report

Crimes linked to cash have fallen

07/11/2019 -

As cash usage has fallen, the number of robberies aimed at stealing cash reported to the police has fallen sharply. This applies equally to bank robberies and to robberies of shops and cash-in-transit operations. Much of the reduction can...

Payments & cash / Payments Report

Swedish payments are secure and efficient

07/11/2019 -

Even if digital payments are simple and convenient, the development places new demands on security. The number of frauds with stolen card details or identities has increased, for example. Crimes linked to cash, such as bank or cash-in-transit...

Payments & cash / Payments Report

Payment services and anti-money laundering activities

07/11/2019 -

The Anti-Money Laundering Act provides another reason it has become more difficult to deposit cash at bank offices. This Act forces payment service providers to prevent their payment service operations from being abused for money laundering...

Payments & cash / Payments Report

Access to payment services has deteriorated for some

07/11/2019 -

The transformation of the payment market facilitated by the new technology is mostly beneficial. However, for some groups, primarily those who cannot or do not wish to use digital payment services, it can now be difficult to pay in certain...

Payments & cash / Payments Report

International payments need to be streamlined

07/11/2019 -

Payments to the EU are largely as fast and cheap as domestic payments. The same is true of payments within the global card networks such as Visa and Mastercard. Other international payments, on the other hand, are both slower and more expensive.

Payments & cash / Payments Report

Digital cash: the e-krona project

07/11/2019 -

The Riksbank is investigating whether it would be possible to issue kronor to the general public in electronic form, an “e-krona”. This would allow the general public access to the Riksbank’s money even in a cashless future. Digital cash: the...

Payments & cash / Payments Report

Seven out of ten Swedes use Swish

07/11/2019 -

The Swish payment app was launched at the end of 2012. It enables people to make instant, real-time payments from their payment account to other payment accounts. Since 2012, the number of payments made via the app has increased sharply. In...

Payments & cash / Payments Report

Why are we no longer using cash?

07/11/2019 -

More and more Swedes no longer use cash. In 2010, 39 per cent of the respondents in the Riksbank’s survey on payment habits in Sweden said that they paid for their most recent purchase in cash. In 2018, this figure had fallen to 13 per cent. At...

Payments & cash / Payments Report