Riksbank considers joining EU’s faster payments system - deputy governor
Sweden’s central bank is examining whether there is a need to adjust its national payment system, or complement it with another service, given the pace at which consumers are moving away from cash.
Speaking on November 22, Sveriges Riksbank deputy governor Cecilia Skingsley said “almost all consumer payments” are now made by card in Sweden.
The cash-averse Nordic country has no card network of its own and as a result, the market is completely dominated by Visa and Mastercard, with much of the
More on FMI
Latest issue
Most read
- Demonetisation backer becomes new RBI governor
- Kohn ‘deeply’ worried Fed might not have support to fight next crisis
- Central banks turn to visual communication in 2018
- Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
- Indian governor resigns after conflict with government
Back to Top