Christopher Koch

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Articles by Christopher Koch

1.6 Seconds: Switzerland’s Successful Start of Instant Payments

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1.6 Seconds: Switzerland’s Successful Start of Instant Payments

Switzerland introduced instant payments in August 2024. In the SEPA area, initial coverage was 1% of payments; in Switzerland, it was over 95%. The fastest transaction in Switzerland takes only 1.6 seconds, whereas in SEPA it can take up to 10 seconds.

5 December 2024

2 minutes

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