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SIX Launches a Digital Direct Debit Solution. Twint as Well.

Summary by MoneyToday
The direct debit system LSV+ is a widely used payment system in Switzerland for many years, which is mostly used for recurring payments. For example, for rent, electricity or insurance premiums. In contrast to the permanent order, variable amounts can also be debited directly from the account of the invoice recipient with LSV+. The payer has an explicit right to object if he does not agree to a debit. So far as practical – however, the direct de…
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The direct debit system LSV+ is a widely used payment system in Switzerland for many years, which is mostly used for recurring payments. For example, for rent, electricity or insurance premiums. In contrast to the permanent order, variable amounts can also be debited directly from the account of the invoice recipient with LSV+. The payer has an explicit right to object if he does not agree to a debit. So far as practical – however, the direct de…

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MoneyToday broke the news in on Monday, June 2, 2025.
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