Central Banking

Riksbank needs 24/7 instant payments platform – deputy governor

Sveriges Riksbank
Photo: Arild Vågen

Sveriges Riksbank needs to adopt a 24/7 instant payments system to guarantee safety as ever more transactions in Sweden are carried out electronically, said deputy governor Martin Flodén today (June 12).

“Today, payments by [electronic payments system] Swish are settled outside of [real-time gross settlement system] Rix, in commercial bank money, which means problems may arise if there are a large number of transactions covering large amounts,” said Flodén. “This means the Riksbank needs to

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