Elsewhere, the Swedish Government enacted a law last year obliging credit institutions to offer, either directly or through agents, reasonable access to cash services with sufficient regional coverage throughout the country.
It also urged that a national payments strategy should be developed and completed in 2014, setting a roadmap for the future evolution of the entire payments system. The regulator should, according to the report, review its innovation hub and consider setting up a “sandbox” programme – similar to one offered in some other countries, such as the UK – to allow companies to test new products in a safe environment in advance of them being made available publicly.
More than half of the 27,000 mortgage accounts in long-term arrears as of the end of 2021 made no payments towards their home loans in the past two years, according to the Central Bank.