Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at an event, Schlegel emphasized the importance of cash for a large part of the population,...
The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS Innovation Hub centers along with the Bank of France, the Monetary Authority of Singapore and the Swiss National Bank. It...
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds. Naturally, the revolutionary payment method continues to gain swift momentum worldwide as more countries introduce...
Switzerland is set to introduce new rules to tackle money laundering. The regulations — set to be presented to the Swiss parliament next year — would make lawyers and consultants responsible for reporting risks and increase oversight of entities such as trusts, Reuters reported Wednesday (Aug. 30)....
December 06, 2024
Real-time payments took center stage in 2024, with groundbreaking milestones reshaping how money moves worldwide. From the United States expanding its payment networks to new systems debuting in other regions, the year has been a turning point for faster, more accessible transactions. What follows are some key highlights from the year. In January, Mastercard and […]
September 01, 2023
The value proposition of real-time payments is undeniable: payments initiated, cleared and completed in just seconds — at any time. In other words, payees get immediate access to their funds....
March 23, 2023
European real-time payments have seen historic growth in recent years. In fact, some European countries like the U.K., Sweden and Finland have even gone a step further to develop internal...
December 28, 2022
EU digital wallets are looking to be more than just payment apps. According to Markus Kilb, CEO at Swiss mobile wallet provider TWINT, the next frontier in digital wallet use...
February 23, 2024
Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity of payment apps. Speaking at an event, Schlegel emphasized the importance of cash for a large part of the population, citing countries like Sweden where cash usage declined but still […]
September 28, 2023
The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS Innovation Hub centers along with...
August 30, 2023
Switzerland is set to introduce new rules to tackle money laundering. The regulations — set to be presented to the Swiss parliament next year — would make lawyers and consultants responsible for...
June 26, 2023
Switzerland’s central bank is reportedly planning to issue a wholesale digital currency. The project will happen on the country’s SIX digital exchange, Swiss National Bank Chairman Thomas Jordan said Monday...
