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August 21, 2024

On the wires

Swiss Launch Instant Payments to Catch up With Europe

Reuters

"Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular. Instant payments allow credit transfers within 10 seconds of a payment being made rather than waiting for days for the transaction to clear."

August 9, 2024

On the web

July 29, 2024

On the web

November 2, 2023

On the wires

July 24, 2023

On the wires

Klarpay AG Launches USD-Denominated Visa Debit Cards

PR Newswire

"Klarpay AG is thrilled to announce an enhancement to its services, allowing clients to create U.S. Dollar denominated Visa debit cards linked to Corporate USD accounts. This offering aims to improve the way Klarpay clients transact with popular services, which are often charged in USD, such as Google, Facebook, and Amazon Web Services, by eliminating FX costs."

June 27, 2023

On the web

March 24, 2023

On the web

Swiss Banking Association Proposes Deposit Tokens Focusing on Interoperability

CoinGeek

"The Swiss Banking Association (SBA) has presented a white paper detailing plans for creating a digital Swiss franc which it says will operate as a deposit token (DT) on blockchain technology. Designated in the mold of a stablecoin, the proposed DT will immediately offer users use cases in decentralized finance (DeFi), trading digital assets, and executing transactions in the Internet of Things (IoT) domain. According to the white paper, the DT could find substantial usage in both micro and corporate payments, with the next step for the SBA being feasibility studies."

February 6, 2023

On the wires

Swiss to Vote on Preventing Cashless Society, Pressure Group Says

Reuters

 Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a popular vote on the issue. The FBS (Free Switzerland Movement) says cash is playing a shrinking role in many economies, as electronic payments become the default for transactions in increasingly digitised societies, making it easier for the state to monitor its citizens' actions.

September 6, 2022

On the web

Alpian Partners with Visa to Offer Innovative, Digital, and Smart Payment Solutions for Switzerland

PR Newswire

“Alpian SA, Switzerland’s first digital private bank, announces its partnership with Visa, a world leader in digital payments. With this step Alpian has become a Principal Member of Visa, allowing the company to issue its exclusive metal debit card in Switzerland.    With the partnership made official, Alpian can now issue its premium, intelligent metal debit card offering across Switzerland. The pairing of an exclusive metal debit card with a multi-currency current account (CHF, EUR, GBP and USD) and real-time foreign exchange capabilities with no handling fees gives each Alpian client a unique, elegant, and cost-effective means to facilitate their everyday banking needs both within Switzerland and abroad.”

June 10, 2020

On the wires

Launch of the QR-bill in Switzerland

“The QR-bill will modernize Swiss payment transactions. From 30 June 2020, invoice recipients will be receiving their first QR-bills instead of the traditional payment slips. You can recognize the QR-bill by the Swiss QR Code, which contains all the information needed for easy, automatic and efficient payment.”

November 16, 2018

On the web

Switzerland gets ready for QR bill payments

Finextra

“The QR-bill will contain a digitally readable QR code holding all the data for a payment, streamlining the processing of bills and credit transfers for companies, government bodies, non-profits and consumers. Companies will be able to print the QR-bill themselves and the bill recipient can trigger payment with just a few clicks on a smartphone. Incorrect entries of payment information will be displayed directly in ebanking and business software, and can be immediately corrected, saving time and investigation orders. “

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