Currently, payments between Swiss bank accounts are typically processed the following day. From 20 August 2024, Swiss banks will start to roll out instant payments within Switzerland, reported RTS. Photo by Andrea Piacquadio on Pexels.comThe new instant payment system will move money within 10 seconds and will operate around the clock seven days a week. Smaller banks operating in Switzerland will have until the end of 2026 to add this new rapid form of payment. By the end of 2024, 95% of transactions within Switzerland should be covered, according to one expert.

Source: Le News August 09, 2024 09:33 UTC