The governor of the Central Bank of Sweden comments our payment systems.

Here’s an AI translation of the text into English:

“Given the geopolitical situation, it is important to create European systems in a number of areas. This is according to Riksbank Governor Erik Thedéen in an interview with Ekot’s Saturday program, where he emphasizes that Sweden’s payment systems should not be as dependent on the USA as they have been. As an example, he points out that the two dominant credit card issuers, Mastercard and Visa, are American. ‘It is probably wise to consider that we should also have European or Swedish systems that function in case the American ones do not,’ he says. According to the central bank governor, Swish is ‘a certain complement.’ He also highlights that other countries, such as Denmark, have their own national credit cards.”

  • DreasNil@feddit.nuOPEnglish
    9·
    4 days ago

    The scanning of the QR code is unfortunately a bigger issue than one can imagine. Takes slightly longer and is slightly more complicated than just blipping your credit card. Enough so to dissuade most people to use it.

    • Renohren@lemmy.todayEnglish
      2·
      3 days ago

      With the credit cards, you still need to get android wallet, Apple pay, authenticate, do the NFC dance…

      Many European countries already have local parallel systems already for pin and chip cards, Visa/MasterCard is already a secondary system if the card is used within the country’s border despite the huge logos.