2026-06-09

Added 2026-06-09 · Updated 2026-08-03

Riksbank Enables Immediate Cross-Currency Payments

The Riksbank has launched a new service, TIPS Cross Currency, allowing banks and payment service providers to execute immediate payments across different currencies. Initially supporting transfers between Swedish kronor, Danish kronor, and euros, this development builds on the existing RIX-INST system to facilitate faster interbank transactions. The central bank invites interested participants to test and utilize this newly developed service created in collaboration with the ECB and Danmarks Nationalbank.

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