Mobile Payments Overtake Cash and Cards in Switzerland

Smartphones become the preferred payment method in Switzerland, marking a historic shift in consumer behavior and digital adoption.

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Mobile devices have become the most widely used payment method in Switzerland, surpassing debit cards and cash.
Cash has dropped to fourth place in terms of turnover (value), falling behind mobile, debit cards, and credit cards.
Mobile payments include Twint as well as e-wallets like Apple Pay, Samsung Pay, and Google Pay.
Cash remains the preferred method for in-store payments specifically, despite a decline in usage.