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In Sweden, we have several historical examples of successful coordination on the payment market. In 1925, the public-owned Postgirot was formed to answer the need for more efficient mediation of payments via cashless payments by giro transfer. As this was a social need, a publicly owned solution was created to facilitate the required coordination. In the 1950s, the banks then formed their own version in the form of Bankgirot, in which standardised paper forms facilitated the management of payments between banks. In more modern times, the Swedish banks have also collaborated over withdrawals from ATMs and purchases with debit cards, to give two examples. They have also established a joint system for Bank ID and, a few years ago, the mobile application Swish 18, to which the largest Swedish banks are connected. The Swedish banks have been able to take continual advantage of the benefits of coordination to which economies of scale give rise. Again, this is something that we perhaps do not give too much thought to, but in many other countries these activities do not work anything like as smoothly. There, for example, it can be difficult or expensive to withdraw money from another bank’s ATM. In Sweden, the Riksbank provides, like the central banks of other countries, a central payment system so that the banks can exchange money with each other. Allow me to explain in a little more detail what this means, before going on to discuss the challenges we must consider for the future.