Sweden's Riksbank has opened its settlement system, RIX, to applications from payment institutions and electronic money institutions, allowing them to seek participant status from 9 April. Expanded access follows amendments to the Settlement Act (1999:1309). Any entity seeking to participate in RIX must meet the system’s participation requirements and complete the Riksbank’s application process, which the Riksbank links to increasing competition and enabling innovative solutions for secure and efficient payments.
Riksbank 2025-04-09
Sweden's Riksbank opens RIX settlement system participation applications to payment and e-money institutions
Sweden's Riksbank has opened its settlement system, RIX, to payment and electronic money institutions, allowing them to apply for participant status from 9 April. This move follows amendments to the Settlement Act and aims to enhance competition and foster innovative payment solutions.