Swiss National Bank and SIX Unveil Instant Payments System

New scheme enables 60 financial institutions to process real-time transactions, covering 95% of Swiss retail payments.

Instant payments allow transactions to be executed and settled in seconds, available 24/7 including holidays.
The system is expected to be adopted by all Swiss financial institutions by the end of 2026.
Real-time payments reduce settlement risks and improve liquidity management for businesses and banks.
The new system complements Switzerland’s existing TWINT payment platform.
Survey indicates strong support for maintaining cash as a payment option despite the shift towards cashless transactions.