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Gkb Beats a Break for Instant Payments in Switzerland

Summary by MoneyToday
In Switzerland, the fast payments, which are executed within a maximum of ten seconds from account to account, are still at the beginning. The service resists banks and has no priority. This was also the case in the EU area. Numerous banks felt little desire to offer their customers instant payments. However, in order for the fast payments to work comprehensively, all banks must be connected to the system. If this is not the case, a payment laun…
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In Switzerland, the fast payments, which are executed within a maximum of ten seconds from account to account, are still at the beginning. The service resists banks and has no priority. This was also the case in the EU area. Numerous banks felt little desire to offer their customers instant payments. However, in order for the fast payments to work comprehensively, all banks must be connected to the system. If this is not the case, a payment laun…

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MoneyToday broke the news in on Wednesday, July 16, 2025.
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