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Definitely a concern, but some of the payment methods are independent. Most payments in Sweden are done by card. If that system is down, it should not affect Sw
by ACS_Solver 8y ago
Definitely a concern, but some of the payment methods are independent. Most payments in Sweden are done by card. If that system is down, it should not affect Swish, which is the second most popular way of making payments.
A larger Internet outage is a concerning scenario though.
- arghwhat 8y agoIt's been a while since I lived in Sweden, but does Swish not tie to a credit card? If so, it would be no more able to process payments than credit cards, as the payment processor is still involved. It will only work if it uses direct bank transfers, in which case an outage at your bank or in clearing houses (which is no less likely than an outage at a large payment provider) would take out both debit cards, Swish, and any other means of transfer. (Note for outsiders: MasterCard Debit is the most common card in Sweden from what I recall)
- nxcho 8y agoSwish is cleared by the Bankgirot system. I'm not completely sure about the technical details but there is no card involved.
- krageon 8y agoI am only intimately familiar with one EU country's banking transaction infrastructure, but there it is the case that when one (major) creditcard provider has a network outage the debit network is also down.