Central Banking

Danish faster payments system sees limited uptake

Authorities should also ensure CPSS/Iosco compliance

national-bank-of-denmark
The National Bank of Denmark

A scheme to allow enhanced access to fast settlement of customer payments through Kronos, the payments system run by the National Bank of Denmark, has been met with a disappointing uptake, according to the Danish central bank's latest annual review of payments in the country.

The ‘Transfers via Danmarks Nationalbank' system was introduced in November 2012, but "is not yet used to any considerable extent", the central bank said in its report: Oversight of the financial infrastructure in Denmark

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