Sweden - New Reporting Requirements for Payment Service Providers and Payment System Operators

The Swedish Central Bank (Riksbank) has introduced new regulation – The Riksbank's regulations (RBFS 2025:1) on reporting payment statistics (“Regulation”) - requiring payment service providers (“PSPs”) and payment system operators (“PSO”) to regularly report detailed data on payment statistics. The Regulation aims to strengthen the Riksbank’s ability to monitor the payments market and fulfil its statutory objectives under the Sveriges Riksbank Act (2022:1568), including ensuring that the public can make payments in both normal and crisis conditions and maintaining financial stability.

Background

Sweden had previously lacked comprehensive statistics on its payments market, including transaction volumes, values, and distribution among providers, mainly as it was not required to follow the ECBs payment statistics requirements due to being a non-euro country, leaving Sweden out of alignment with other EU Member States that report under Regulation (EU) No 1409/2013 (ECB/2013/43) on Payment Statistics. The Regulation seeks to close this gap and align national reporting practices with the ECB’s recommendations.

Implementation

• Regulation: RBFS 2025:1, The Riksbank’s regulation on reporting payments statistics
• Effective date: 1 October 2026. Provisions relating to reporting of credit transfers from 1 October 2027.
• Scope: The Regulation will apply to PSPs and PSOs based in Sweden, as well as to foreign providers with a Swedish branch. Only direct cross-border activities will be covered, while operations conducted through subsidiaries or foreign branches will be excluded. The Regulations will also not apply to firms that provide only account information services.

Reporting from PSPs 

Data to be reported

Under the Regulation, a PSPs shall provide information on attributes according to Annex 1 of the Regulation regarding the following:

1. Instant credit transfers
2. Credit transfers
3. Card-based payment transactions
4. ATM cash withdrawals
5. Cash advance at POS terminal
6. ATM cash deposits
7. Direct debits
8. Money remittances
9. E-money payment transactions
10. Payment initiation services
11. OTC cash deposits
12. OTC cash withdrawals
13. Cards
14. Payment accounts
15. POS terminals
16. E-money card terminals
17. ATMs

Items 1 to 6 shall be reported for each individual payment transaction and items 7 to 17 at an aggregated level. 

Reporting frequency and timing

The following reporting frequency applies.

• Items 3-6 – every calendar week,
• items 7-12 - every calendar month,
• items 13-17 - each calendar half-year. 

The Riksbank may also adjust the reporting frequency depending on the number or value of transactions each year.

A PSP required to report on a weekly basis must submit its report no later than the fourth business day after the end of the reporting week.

PSPs reporting on a monthly basis must submit their report by the ninth business day of the month following the reporting month.

For reporting conducted on a quarterly, half-yearly, or annual basis, the report must be submitted no later than the last business day of the month following the relevant reporting period.

Reporting from PSOs

Data to be reported

A PSO shall provide information on attributes in accordance with Annex 2 of the Regulation regarding the following. 

1. Direct participants
2. Indirect participants
3. Card-based payment transactions
4. Credit transfers
5. Direct debits
6. E-money payment transactions
7. ATM cash deposits
8. OTC cash deposits
9. ATM cash withdrawals
10. OTC cash withdrawals
11. Cash advance at a POS terminal 

Reporting frequency and timing

Reporting shall be submitted every calendar quarter no later than the last business day of the month following the quarter to which the report refers.

Conclusion

Summing up, the obligations require a thorough review of data collection and reporting systems as well as technical implementations to ensure that all necessary information can be captured and submitted accurately and implement internal controls to identify and correct errors quickly.