Credit Risks Are Growing for Norway's Banks

  • Vipps system made one million instant payments last year
  • Banks pushing for Nordic-wide real time currency transfers

Pedestrians pass the entrance to Norway's central bank.

Photographer: Kristian Helgesen/Bloomberg

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The speed of the instant payment highway has regulators in Norway thinking about the guardrails.

The central bank is stepping up efforts to improve the country’s banking infrastructure as the spreading use of instant payments drives credit risk higher at banks. The problem lies in the fact that customers get their money before it’s actually transferred to their banks.