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What percentage of Swiss retail payments will be made via instant payments by the end of 2024?
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Resolution / Starting Odds
Less than 10% • 25%
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More than 30% • 25%
Reports and statistics released by the Swiss National Bank (SNB)
Story
Swiss National Bank and SIX Launch Instant Payment Scheme, Targeting Cashless Payments by 2026
Aug 21, 2024, 05:35 AM
The Swiss National Bank (SNB) and SIX Interbank Clearing Ltd. have launched an instant payment scheme in Switzerland, allowing fund transfers to be completed in seconds. This initiative, announced on August 20, 2024, aims to establish instant payments as a standard in the Swiss market in the medium term. The SNB anticipates that by the end of 2026, all financial institutions involved in retail payment transactions will be reachable. This move reflects a collective stakeholder commitment to advancing cashless payments in Switzerland. In the coming months, additional banks are expected to announce similar services, further enhancing the country's payment infrastructure.
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Retail • 25%
Hospitality • 25%
E-commerce • 25%
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Credit Suisse • 25%
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