Many countries are preparing to introduce a system of offline payments of cards as a backup option in case of losing an Internet connection.
Northern European and Estonia countries are preparing a reserve of offline payments – in the event of cyber attacks, sabotage or accidents. Cards can be calculated even without internet communication. This was reported by the Reuters News Agency.
“Finland, Sweden, Norway, Denmark and Estonia are preparing to introduce a system of offline payments with cards as a backup option in case of Internet connection loss, including sabotage,” Tuomas Vylimyaki said Wednesday, May 7 Board, member of the Bank of Finland.
The offline payment plan emerged against the repetitive -repeated cases of damage to critical infrastructure under the Baltic Sea in recent years of Russia.
The bank representative noted that payment systems are weak because of their main role in the day -to -day life. In Finland, cash as the main payment method is used by only 10% of citizens, according to the Central Bank, making the country greatly dependent on card payments.
Offline payments provide for the use of terminals that are being denied and maintaining transaction data until the network connection is restored.
The Central Bank of Sweden said it plans to create a system on July 1, 2026, which will allow calculations with a card even in the case of interruptions that last up to seven days.
Finland is already preparing the national system of instant payments that will work for several years, and offline calculations should be available to citizens next year.
Finland also creates a system of backup accounts on the bank – in the event of problems with a particular bank, the national agency for financial stability can provide people with access to their savings.
Remember that Chinese shipment Yi Peng 3, who visited the Russian port of UST-Luga, was recorded near the area of damage to underwater cables in the Baltic Sea.
China has developed a device for cutting underwater cables
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.