Riksbank launches service for instant payments
Today the RIX-INST service is launched, which means that payments between banks can be made in real time 24 hours a day and 365 days a year in central bank money. The Riksbank is thus offering the banks a secure and cost-effective payment system for instant payments that creates opportunities for Swedish companies to develop new innovative payment services. The service is connected to the Eurosystem payment platform, TIPS.Instant payments, when bank customers move money from one bank to another in just seconds, are becoming increasingly common. Sweden is already one of the world’s most