Sweden to make offline card payments available by mid-2026
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Sweden's central bank has partnered with payment companies to implement a system for offline card payments by mid-2026. This initiative aims to enable Swedes to purchase essential goods using physical cards and PIN codes during online banking disruptions. Riksbank Governor Erik Thedeen emphasized the importance of this development for emergency preparedness, allowing payments for necessities like food and medicine even during serious data communication breakdowns. This move aligns with similar efforts in Finland, Norway, Denmark, and Estonia to enhance payment security in case of internet outages.
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