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January 4, 2024
On the web
Adyen Partners With Straumur to Simplify Payments in Iceland
IBS Intelligence
August 24, 2022
On the web
Iceland Launches Buy Now Pay Later Scheme – But Shoppers Urged to be Cautious
North Wales Live
“Iceland has become the first supermarket to roll out a Buy Now, Pay Later (BNPL) scheme with the aim of helping customers with soaring costs. BNPL is an instalment-based payment option provided by companies such as Zilch, Klarna, Clearpay – and now the Deeside-based supermarket.”
August 26, 2021
On the web
National Security Has Iceland Pushing for Domestic Payment Tool
Bloomberg
“Scarred by the financial crisis and reminded by the pandemic that the world is a precarious place, Iceland’s central bank wants new domestic retail payment tools that would reduce its reliance on global card giants. The Reykjavik-based Sedlabanki wants to add a solution to the interbank system to let banks offer retail payment tools to customers for seamless transactions with shops and service providers, Deputy Governor Gunnar Jakobsson said in an interview. He named Sweden’s mobile payment app Swish as a model.”
November 30, 2020
On the web
Iceland goes live with new RTGS and instant payments platform
Finextra
“The Central Bank of Iceland (CBI) has gone live with a new real-time gross settlement system (RTGS) and instant payment platform. The Central Bank of Iceland manages all interbank payments in the country: it currently processes up to one million payments per day with peaks of 160,000 per hour – despite the small population of just over 365,000 inhabitants.”
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