Sweden completes CBDC phase 2 trials

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Riksbank completes phase 2 trials of e-krona

The Riksbank of Sweden announced the completion of phase 2 technical trials for its CBDC after the project started in spring 2017. During phase 2, issues such as offline function, performance and integration with external participants are reviewed and findings from this phase will be published in 2022.

Mithra Sundberg, head of the e-krona division at the Riksbank, said: “During phase 3, we will begin to formulate a basis for the requirements of an e-krona if a decision is made to issue it. All the tests, analyzes and investigations carried out will serve as a basis for this work. We will also build on the experience of the rapid international development that is currently taking place in this area.”

Although phase 2 has been completed, the central bank says it will carry out further technical tests to find out more and has therefore extended its contract with Accenture until February 2022.

Danish BNPL player ViaBill raises $120m in equity and debt

Danish company Buy Now Pay Later (BNPL) ViaBill has announced a $120 million fundraising and debt round in a funding round led by London-based Fasanara Capital. ViaBill, which is backed by international venture capital Headline and Blackfin, can be used online, in-store and is currently available in Denmark, Spain and the United States.

Jan Lytje-Hansen, CEO and co-founder of ViaBill, said: “While other big Buy Now Pay Later players like Klarna, AfterPay and Affirm have successfully infiltrated the online payment space, there are a lack of BNPL solutions that support physical stores.”

Lytje-Hansen continued, “It will be interesting to see if offline BNPL disrupts payment mechanisms as quickly as we have seen in the online space.

Qred expands to Norway

The Swedish company Qred has expanded into Norway. The company, which has already expanded into Sweden, Finland and Denmark, offers a number of financing solutions for small businesses. Qred will also act as financial agent for Nordiska Financial Partner AS.

Emil Sunvisson, CEO of Qred, commented: “The big banks have for too long failed to serve small businesses in Norway. As we’ve seen time and time again, small business owners have little or no options when it comes to financing to help grow their business.

Verifone and ReceiptHero partnership expands across the Nordics

Finnish company ReceiptHero and Verifone have announced a further expansion of their partnership in the Nordic market, now providing services in Norway, Sweden, Finland and Denmark.

Chris Moore, COO ReceiptHero said, “By partnering with ReceiptHero, Verifone aims to drive the adoption of digital receipts in the Nordics and hopes the impact of eliminating paper receipts can provide a better customer experience.

Surfboard Payments presents a payment application

Swedish company Surfboard Payments showcased its touchscreen payment app Surfapp at a pre-launch event this week and will launch by spring 2022.

Additionally, Surfboard Payments has announced its acceptance as a participating organization in the PCI Security Standards Council.

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