Riksbank considers joining eurozone’s real-time payments network

Photo by David Lundberg
Stefan Ingves
David Lundberg

Sveriges Riksbank today (June 5) opened a public consultation to explore the options available for developing a centralised real-time digital payment system.

The central bank says the declining role of cash as a means of payment in Sweden and the increasing demand for real-time digital transactions are creating the need for a platform for processing central bank money. As such, the Riksbank is considering whether to join the Eurosystem’s Target Instant Payment Settlement (Tips), due to be

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