Danmarks Nationalbank regularly provides its perspectives on economic and financial matters at various events and meetings. Speeches and presentations provide insight into Danmarks Nationalbank’s contribution to the event or meeting in question.

Payments

Governor Ulrik Nødgaard: New technologies emphasise the importance of a robust payment system

New forms of money and payments may affect citizens and businesses and change the way we pay. This also leads to an increasing demand for robustness in payment solutions and in the financial system. This was among the points made by governor Ulrik Nødgaard at Nordic Fintech Week in Copenhagen.


On a global level, the market for stablecoins is growing rapidly, and several financial actors are increasingly starting to issue and use stablecoins. Therefore, stablecoins is no longer just a niche phenomenon within the crypto market.

"In an international context, we will probably see a broader use of stablecoins for payments such as cross border payments or money transfers to third countries. It is currently difficult to imagine that stablecoins will become widespread in retail payments in Denmark, also considering the payment solutions already available in Denmark," said Ulrik Nødgaard.

At Nordic Fintech Week, Ulrik Nødgaard also came across other topics of the payment system. With the digitalisation of payments, new demands on robustness and resilience rise. Events such as the card payments outage in Denmark in July 2025 have highlighted the importance of alternative solutions. Here, payment solutions based on account transfers, such as instant payments, can play an obvious role.

"Resilience is not just a technical issue, but a societal concern. Our payment system must be able to withstand disruptions – whether due to technical errors or cyber incidents. By having multiple widespread payment solutions that can complement each other and use different infrastructures, the robustness of the payment ecosystem will be increased. That is why we also advocate for account-to-account solutions to play a greater role in physical stores," said Ulrik Nødgaard.