Digital Landscape in Sweden

PROSPECTS

Sweden enjoys good digital infrastructure

In 2019, Sweden continued to be one of the European leaders in digital connectivity. Almost all Swedes are using the internet on a regular basis.

New government agency set up to support digitisation

DIGG, the Agency for Digital Government, was created in Sweden in September 2018. DIGG is planned to serve as a hub for public sector digitalisation, while driving creativity and innovation.

5G is not commercially available while preparation works are in progress

5G networks are going to be a game changer for the digital landscape in Sweden. 5G networks will bring faster internet speed levels, lower latency, and capacity for a greater number of simultaneously connected devices.

COMPETITIVE LANDSCAPE

Presence of reliable authentication options is key for online banking and payments

Swedish consumers are largely sensitive to the security and convenience of payments and identity verification. Widespread use of BankID, a Swedish citizen identification service, is a key factor supporting the security and simplicity of online transactions.

Adoption of PSD2 comes with significant implications

Payment Service Directive 2 (PSD2) is a key regulatory document shaping the development of payment innovations in Sweden. PSD2 established the requirements for strong consumer authentication (SCA), which was mandatory from September 2019.

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