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Sweden has enabled instant payments settlement in Swedish kronor through TIPS, joining Eurosystem for seamless cross-border transactions.
instant payments, instant settlement, Target Instant Payment Settlement, P2P payments, mobile payments
Norges Bank officials have announced that Norway’s central bank digital currency (CBDC) prototype is based on Ethereum infrastructure.
CBDC, cryptocurrency, regulatory sandbox, Ethereum, product launch
Sweden-based Sveriges Riksbank has completed the first phase of the migration to TARGET Instant Payment Settlement (TIPS).
instant settlement, central bank, digital payments, instant payments, money transfer
From cash to contactless or card payments to wearables, Jesper Domargård, VP Marketing, Financial Institutions, IDEMIA explains how various payment methods are redefining the customer journey
payment methods, instant payments, ecommerce, super app, BNPL, e-wallet, BaaS
Sweden-based Riksbank has completed the Phase 2 technical trials for its CBDC after beginning the venture within the spring of 2017.
CBDC, banks, regulation, digital assets, report
The world of payments is rapidly moving away from cash and into non-cash transactions which is in line with a general digitalisation of our societies
CBDC, digital currency, cashless, e-wallet, cash, mobile payments, ATM
Sweden’s central bank has announced plans to include other banks in the coming year to test how the e-krona could handle commercial and retail payments in the real world.
CBDC, cash, central bank, cross-border payments, payment processing, digital currency
A trial of central bank digital currency in Sweden is to be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.
CBDC, central bank digital currency, Sweden, digital krona, Accenture, Riksbank, central bank
Harro Boven, Policy Advisor at the Dutch Central Bank: ‘The introduction of CBDC would involve a structural reform of the monetary system’
central bank digital currency, CBDCs, COVID-19, digitalisation, cenytral banks, crypto, cash decline, bank account, financial stability, Harro Boven, DNB
ECB, Riksbank, Sweden, instant payments, RIX-INST, monetary authority, Eurozone, EU, tips, transfers, funds, e-payments
The Riksbank of Sweden has announced starting to test Europe’s first central bank digital currency (CBDC), they said in a statement.
The Riksbank of Sweden, cryptocurrency, e-crona, central bank digital currency, digital currency, Nordics, Europe
Riksbank, the central bank of Sweden, has turned to Accenture to trial its digital currency e-krona.
Riksbank, Accenture, e-krona, payments , digital currency
Länsförsäkringar Bank has deployed Tata Consultancy Services’ TCS BaNCS for Core Banking.
Länsförsäkringar Bank, core banking, Tata Consultancy Services, innovation, payments , digital
Sweden could become the first non-euro zone country to sign up to the European Central Bank’s new instant payment system, said the the deputy head of the Riksbank.
Riksbank, ECB, instant payment, European Central Bank, payments , Sweden
Riksbank, Sweden’s central bank, has announced plans to test a digital currency called e-krona.
Riksbank, Sweden, digital currency, cryptocurrency, ekrona, banks
As the payment methods used for purchases change yearly, tracking down the factors that determine their growth is key for understanding the payments landscape
payment method, payments , cash, digital payments, European Central Bank, cashless society, credit cards, instant payments, direct carrier billing, PSD2
The Riksbank has invited participants in the RIX system and other interested parties to share their views on possible changes to the Riksbank’s range of settlement services.
Riksbank, instant payments, Sweden, payments , bank
A survey published by the European Central Bank has revealed that cash still dominates consumer payments in the euro zone.
EU, European Central Bank survey, payments , cash payments, Germany, Sweden, contacless payments
Darren Busby, Compass Plus: ...we should look at cash not as the enemy, but as a constant that we can modernize alongside.
Darren Busby, Compass Plus, cash, mobile payment, online payment, currency, money, credit card, UK, Europe, cashless, digital
The ATM Industry Association (ATMIA) today strongly welcomed the Sveriges Riksbank - The National Bank of Sweden – call’s for access to cash to be a legal right.
ATMIA, Swedish Central Bank, support, access to cash, electronic money, paper bills, regulation