MEDIUMVulnerability
Global

Cross-currency payments between the euro area, Denmark and Sweden go live

·Source: Finextra

Updated:

Executive Summary

Thanks to the cross-currency service implemented in the TARGET Instant Payment Settlement (TIPS) system, payment service providers (PSPs) can settle payments between TIPS accounts denominated in different currencies (the euro, the Danish krone and the Swedish krona).

Analysis

Thanks to the cross-currency service implemented in the TARGET Instant Payment Settlement (TIPS) system, payment service providers (PSPs) can settle payments between TIPS accounts denominated in different currencies (the euro, the Danish krone and the Swedish krona).
Source Attribution

Originally published by Finextra on Jun 10, 2026.

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