Switzerland’s new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.
The Swiss National Bank said around 60 financial institutions were now able to receive and process instant payments, covering more than 95 percent of Swiss retail payment transactions, following Tuesday’s market launch.
While European countries like France, Sweden and the Netherlands are pushing ahead toward an increasingly cashless future, the Swiss have so far been reluctant to give up cash.
Online companies…
