The ability to pay and get paid for goods and services is a prerequisite for an efficient society. In the same way as we assume water will come out when we turn on the tap, or the light will come on when we flick the switch, we assume payments will be carried out quickly and safely.

Here, the Swedish central bank plays an important role. Not only does Sveriges Riksbank issue cash as legal tender, but it is also responsible for the Rix payment system. Rix is the country’s central system for