Side 1 af 13  I will argue that – from a financial stability perspective – negative interest rates have not posed significant challenges. And low interest rates have helped supporting private sector demand in the aftermath of the financial crisis. Going forward, higher rates will be welcome as the economic recovery gains momentum.
Let me share some thoughts on (i) initiatives in electronic payment systems, (ii) other payment products & payment channels and (iii) challenges for banks and regulators. Initiatives in electronic payment systems 5. Electronic payment products are expected to provide speedier, cheaper and hassle free payment experience to customers in comparison to traditional paper based payment instruments.