According to news report on August 21, 2024, “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… By the end-2026 at the latest, all financial institutions active in retail payment transactions will be reachable, the SNB said in a statement… The central bank anticipates that instant payments ‘are likely to become established in Switzerland in the medium term, and form the basis for further innovation in payment transactions.”

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