Edition
A new payment scheme for Iceland – building a sovereign and secure payment system
Iceland’s Central Bank has concluded that it should facilitate the creation of a shared domestic account-to-account payment scheme.
The domestic account-to-account alternative is intended to let consumers pay directly from a bank account at a point of sale, online or between individuals, with immediate confirmation for the recipient. The Central Bank has started a public procurement process for a core solution it describes as “request-to-pay” infrastructure using the existing payment rails for domestic instant credit transfers that the Bank owns and operates.
This summary is based on the available full source text. Summary prepared with AI assistance. The original source is authoritative.
Original source
BIS Speeches
Date stated with the source: 3. 11. 2026
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