RIX-INST

FPS

RIX-INST is the Riksbank instant payment settlement service, providing real-time gross settlement of instant payments in central bank money 24/7/365. Launched in February 2024 as part of the Riksbank modernization programme, it replaced Bankgirot BiR as the settlement infrastructure for Swish and other instant payment services in Sweden.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether RIX-INST is running normally.

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for RIX-INST.

ClearingPost holds sourced upcoming items for 16 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for RIX-INST in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources No status page recorded · 0 of 12 fields carry a source and a recorded date · evidence details ↓

Record · RIX-INST

Country

Sweden (SE)

Currency

Swedish Krona (SEK)

Operator

Sveriges Riksbank

Type

FPS

Operating Window

24/7/365

Year Established

2024

Tier?

Tier 1

ISO 20022?

Native

Region

Nordics

Settlement Type?

Gross

Participants

Swish banks: Handelsbanken, SEB, Nordea, Swedbank, Länsförsäkringar, Danske Bank; open to all RIX members

Avg Daily Transactions

~2M (via Swish)

Avg Daily Value

~SEK 1.5B/day (2024, via Swish; RIX-INST also carries NCT-INST payments)

Availability

24/7/365

Notes

TIPS Cross-Currency (X-CCY) service formally activated June 10, 2026 by ECB, Sveriges Riksbank, and Danmarks Nationalbank. Enables PSPs in TIPS, TIPS-DKK, or RIX-INST to settle instant payments between EUR, DKK, and SEK in central bank money simultaneously. Riksbank Terms & Conditions update planned to enter force by end of June 2026. Source: ECB (June 10, 2026), Sveriges Riksbank. last recorded: 2026-06-17.

Sveriges Riksbank official website →

See all FPS systems →See all systems in Sweden →ISO 20022 migration status →Payment rails by country →

Other systems in the same country or region

NBORTGS

Norway · NOK · Norges Bank

NICSACH

Norway · NOK · Bits AS

RIXRTGS

Sweden · SEK · Sveriges Riksbank

BankgirotACH

Sweden · SEK · Bankgirot

Kronos2RTGS

Denmark · DKK · Danmarks Nationalbank

BoF-RTGSRTGS

Finland · EUR · Bank of Finland / ECB T2

Operations · RIX-INST

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for RIX-INST (2)

Coverage whose headline or summary names RIX-INST, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the RIX-INST operator or external.

NewsJun 17, 2026Summary names “RIX-INST”

TIPS Cross-Currency Service Goes Live for EUR, DKK, and SEK Instant Settlements

The technical infrastructure was deployed in October 2025 and underwent testing before the formal activation. Payment service providers already participating in TIPS, TIPS-DKK, or RIX-INST can access the service through their national central bank.

External source · European Central Bank

AnalysisOct 15, 2025Summary names “RIX-INST”

Riksbank Warns Sweden Lags Behind Nordic Peers in Instant Payment Services

The Riksbank enabled additional services via RIX-INST (Sweden's instant settlement system) in autumn 2024, but adoption by commercial banks has been minimal.

Operator source · Riksbank

Wider coverage that mentions RIX-INST (1)

These articles mention RIX-INST in their text but not in their headline or summary, so they are listed as context rather than as RIX-INST intelligence.

AnalysisMar 27, 2026Text mentions “RIX-INST”

Sweden's March 2027 Instant Payments Deadline Adds Urgency to Bankgirot Migration

Several legacy Bankgirot services will cease by year-end. Money orders terminate June 30. Supplier payment services and BGMax-format reporting will be replaced by ISO 20022 equivalents routed through participant banks rather than through Bankgirot.