In Switzerland, 92% of businesses accept cash, while mobile payment app acceptance reaches 59%, surpassing credit and debit cards.
Switzerland's central bank has reported that cash remains the most widely accepted payment method for businesses, with 92% of companies accepting cash. This contrasts with the increasing popularity of mobile payment apps, which are now accepted by 59% of businesses, surpassing credit and debit card acceptance. The Swiss National Bank's survey also found that 87% of businesses do not plan to change their acceptance of cash in the next two years, citing customer needs as the primary reason.
February 23, 2024
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