GENEVA, Switzerland — Switzerland’s new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said on Wednesday after the scheme went live. The Swiss National Bank (SNB) said around 60 financial institutions were now able to receive and process instant payments, covering more than 95 percent of...
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Switzerland closer to being cashless, launches instant payment scheme
In the coming months, further banks will announce similar services, the SNB said, with all financial institutions in Switzerland expected to be on board by the end of 2026 | Photo: Shutterstock 2 min read Last Updated : Aug 21 2024 | 12:10 PM IST Switzerland has moved closer to becoming a cashless society...