SNB Study: Results of the Swiss Payment Methods Survey – Fintech Schweiz Digital Finance News

In spring 2023, the Swiss Nationwide Financial institution performed its second cost strategies survey of corporations in Switzerland.

Round 1,750 corporations, throughout all sizes, language areas and industries, participated on this survey on cost methodology subjects. In-depth information of those subjects helps the SNB to fulfil its statutory duties in relation to the availability and distribution of money and to cashless funds.

An important findings of the cost strategies survey of corporations are as follows:

Firms are creating a very good foundation for freedom of selection between money and cashless cost strategies in on a regular basis transactions by accepting a variety of cost strategies. For the reason that final survey in 2021, corporations have tended to broaden their cost methodology acceptance. Particularly, cellular cost apps and transfers are accepted extra usually. Money acceptance continues to be excessive and has modified little since 2021.

For money to proceed to be accepted by corporations, it must be utilized by the inhabitants. In accordance with the cost strategies survey of personal people from 2022, there’s a broad want among the many inhabitants for money to proceed to be obtainable as a cost methodology. The corporate survey now reveals that buyer wants play a key position in figuring out which cost strategies are accepted by corporations. A decline in money utilization might subsequently result in a decline in money acceptance.

To have the ability to settle for money, corporations are additionally reliant on having good entry to money infrastructure. The survey signifies that ATMs and financial institution counters are key for corporations’ money withdrawals and returns.

Nearly all of corporations state that they’re glad with their entry to money. There are nevertheless some corporations which shouldn’t have another obtainable (e.g. a financial institution counter) to their present provide supply. Within the case of a lower within the money infrastructure, one in 4 corporations would use much less money, which might in flip be prone to have a damaging impact on money acceptance.

Yow will discover the total report on the 2023 cost strategies survey of corporations on the SNB web site.

Featured picture credit score: Edited from freepik