Payments News

Debit choice mandates should be the next big thing in e-commerce

Sep 03, 2020

As many economies around the world turn toward recession, will more regulatory bodies insist on making debit payment options a priority at checkout? We believe the answer to that is a resounding yes.

Sweden is likely the first of many governments to look out for consumers in this way. However, with the increase in usage of bank transfers and e-wallets, we believe consumer payment preferences are headed in this direction.

The Swedish Parliament has approved an amendment to the Swedish Payment Services Act that is designed to increase consumer protection for online shopping and curb rising household debt among Swedish consumers (currently increasing at a rate of 7% per annum).

By James Booth

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