0
Broadband

Swedish central bank mulls e-currency as cash use drops

Wednesday 16 November 2016 | 12:35 CET | News
Swedish national bank Riksbanken is considering whether to issue a digital currency in response to an increasing move away from cash in the country. Deputy governor Cecilia Skingsley was due to give a speech on the matter at the Fintech hub in Stockholm on 16 November. In the speech, she will point out that a number of bank branches are now cashless, and it is not possible to deal in cash over the counter at these, although some have teller machines.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Countries: Sweden
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Swedish report finds disabled people at risk of digital exclusion

Published 18 Jun 2020 12:41 CET | Sweden
Swedish communications regulator PTS has announced the publication of the results of a 2019 survey in a report with the title ...

Swedish communications regulator adds cash handling supervision to its brief for 2020

Published 25 Feb 2020 13:47 CET | Sweden
Swedish communications regulator PTS said that its 2020 market regulation efforts will include receiving information from credit ...

Swedish central bank uses blockchain to test digital currency

Published 21 Feb 2020 09:56 CET | Sweden | Update: 21 Feb 2020 12:29 CET
Sweden's Riksbank has begun testing an electronic krona in conjunction with consultancy Accenture, which could lead to the ...

Sweden reaches 38 payment service arbitrators at end-2018 as providers slash cash and physical payment methods

Published 25 Feb 2019 13:28 CET | Sweden
Swedish communications regulator PTS said it and the county administrative boards had supported the appointment of 38 payment ...

Seamless to spin off or sell Transaction Switch arm

Published 23 Mar 2017 12:37 CET | World
Shareholders at the 20 April annual general meeting (AGM) of Swedish company Seamless Distribution will vote on a motion to ...

Danish banking app Lunar Way gets EUR 4.2 mln new funding

Published 12 Dec 2016 13:15 CET | Denmark
Danish banking application Lunar Way has disclosed EUR 4.2 million in new funding, according to TechCrunch. Rather than obtaining ...

WyWallet claims over 1.8 mln registered users

Published 05 Dec 2016 12:44 CET | Sweden
Swedish mobile payments system WyWallet said it now has more than 1.8 million registered users for its services. It said many of ...

H&D Wireless raises USD 3 mln, mulls Q1 share listing

Published 18 Nov 2016 13:07 CET | Sweden
Swedish Internet of Things, cloud and platform system provider H&D Wireless said it has raise USD 3 million from a network of ...

Nordea joins Danske Bank's MobilePay, DNB may stick to Vipps

Published 13 Oct 2016 13:11 CET | Norway
Nordea has teamed up with Danske Bank to become an equal partner in MobilePay, they announced today, according to Norwegian ...

Online (and mobile) payments in Western Europe still vary greatly by country – PPRO report

Published 03 Oct 2016 15:01 CET | Austria
A recent report by e-payment specialist PPRO Group on the state of Payment and E-commerce in Western Europe also shows some ...

Swish payment app use rises 15% in 1 year, 47% in 3 years

Published 30 Sep 2016 20:36 CET | Sweden
The proportion of people using the Swish payments application has risen by 15 percentage points over the past year. So said the ...

Nordic mobile e-commerce doubles in three years

Published 13 Sep 2016 12:37 CET | Scandinavia
Mobile e-commerce in the Nordic countries has increased by 100 percent in three years and one out of three Nordic consumers ...

SEQR launches contactless payments in Sweden

Published 11 Jul 2016 10:12 CET | Sweden
Seamless' mobile payment platform SEQR is launching contactless payments in Sweden using NFC technology (Near Field ...

WyWallet discontinues app on 31 March

Published 21 Mar 2016 11:58 CET | Sweden
Swedish mobile payments system WyWallet said it is making changes to the way it works. The WyWallet application, the 'despatch ...





Calendar   /   Industry Events

14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May Cisco fiscal Q3
19 May TIM Q1 2021
19 May Qualcomm 5G Summit
20 May Palo Alto Networks fiscal Q3
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items