Offline card payments should be possible no later than 1 July 2026
a day ago
- #Sweden
- #offline payments
- #payment preparedness
- Offline card payments for essential goods to be possible by 1 July 2026.
- Agreement reached between the Riksbank and payment market representatives to strengthen Sweden's payment preparedness.
- Measures include adapting regulatory frameworks and introducing technological solutions for offline payments.
- Offline payments will initially apply to physical payment cards with PIN for essential goods like food, medicine, and fuel.
- The Riksbank will continue efforts to enable offline payments for other payment methods post-2026.