Payment methods in Switzerland

PostFinance is Switzerland's postal bank with near-universal account penetration. The PostFinance Card (debit) and PostFinance e-Finance (online banking) are used for both in-store and online payments. PostFinance's local card scheme accounts for a significant portion of the 16% local card scheme share in Switzerland.

Generic online and mobile bank-transfer methods (internet banking, e-banking, EFT and interbank transfers). Customers pay directly from their bank account via their bank's own online/mobile banking portal. Implementation and rails differ by country, but the consumer flow is a standard account-to-account bank transfer.

Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.

Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.

Paysafecard is a prepaid voucher payment method allowing consumers to pay online without a bank account or card. Vouchers are purchased at retail points of sale and redeemed with a 16-digit PIN at checkout. Switzerland is a supported Paysafecard consumer country and usage is concentrated in gaming, digital goods, and entertainment sectors.

TWINT is Switzerland's nationally adopted mobile payment app, jointly owned by Swiss banks and PostFinance. It processes 773 million transactions per year and is accepted by approximately 84% of Swiss online stores — making it the second-most integrated payment method after credit cards. TWINT enables QR code, in-app, and online checkout payments linked directly to a bank account or prepaid balance. It dominates mobile payments with a 64% share of mobile transaction volume in Switzerland.