Switzerland Cards and Payments – Opportunities and Risks to 2027

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Switzerland Cards and Payments Market Report Overview

The annual value of card transactions in the Switzerland cards and payments market was $145.8 billion in 2023. The value is expected to grow at a CAGR of more than 4% during 2023-2027.

Switzerland Card Transactions Outlook, 2023-2027 ($ Billion)
Switzerland Card Transactions Outlook, 2023-2027 ($ Billion)

Buy the Full Report for More Information on the Switzerland Cards and Payments Market Forecast
Download a Free Sample Report

The Switzerland cards and payments market research report provides a detailed analysis of market trends influencing the industry. It provides transaction values and volumes for several payment instruments for the review period. In addition, the Switzerland cards and payments market analysis offers information on the country’s competitive landscape, including market shares of issuers and schemes. The report also entails regulatory policy details and provides extensive coverage of any recent changes in the regulatory structure.

Annual Value of Card Transactions (2023) $145.8 billion
CAGR (2023-2027) >4%
Forecast Period 2023-2027
Historical Period 2019-2022
Key Payment Instruments ·       Cards

·       Cash

·       Credit Transfers

·       Mobile Wallets

·       Direct Debits

·       Cheques

Key Segments ·       Card-Based Payments

·       Ecommerce Payments

·       Alternative Payments

Leading Players ·       Apple Pay

·       Klarna

·       Visa

·       Migros Bank

·       UBS

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Switzerland Cards and Payments Market Dynamics

In Switzerland, cards are the preferred method of payment among consumers. Growth in the payment card market is attributed to the combined efforts of the government and banks to promote card payments and improve payment card acceptance infrastructure. Payment cards are now regularly used for low-value, everyday transactions instead of cash. In line with this trend, companies are also increasingly focusing on offering innovative payment solutions. For instance, in February 2023, SPAR Switzerland launched its first cashier-less store in Zurich, SPAR Express. Customers can enter the store by scanning a QR code at the entrance using their smartphone, without downloading any app or registering. They scan products using their smartphone and pay for their purchases using methods such as Twint, credit and debit cards, Apple Pay, and Google Pay.

Buy the Full Report to Get Additional Switzerland Cards and Payments Market Dynamics
Download a Free Sample Report

Switzerland Cards and Payments Market Segmentation by Payment Instruments

Cards had the highest share of payment transaction volume in 2023.

The key payment instruments in the Switzerland cards and payments market are cash, mobile wallets, credit transfers, cards, direct debits, and cheques. Cards led the market in 2023 in terms of transaction volume. The convenience of cards, enhanced security, and the growing adoption of contactless have supported the growth of card-based transactions.

Switzerland Cards and Payments Market Analysis by Payment Instruments (Volume Terms), 2023 (%)
Switzerland Cards and Payments Market Analysis by Payment Instruments (Volume Terms), 2023 (%)
Buy the Full Report for More Payment Instrument Insights into the Switzerland Cards and Payments Market
Download a Free Sample Report

Switzerland Cards and Payments Market Segments

Ecommerce growth has significantly benefitted alternative payment solutions such as PayPal, Apple Pay, and Klarna

The key segments in the Switzerland cards and payments market are card-based payments, e-commerce payments, and alternative payments.

Ecommerce Payments: Switzerland’s ecommerce market recorded significant growth in the last few years and is expected to continue in the forecast year. This is due to increasing internet penetration and growing consumer preference for online shopping. The growth is also attributed to the popularity of online shopping events such as Black Friday and Cyber Monday. To capitalize on the growing market, companies are expanding their online services to Switzerland. For instance, in May 2022, Klarna launched Virtual Shopping in 18 markets (including Switzerland). The feature allows online shoppers to connect with in-store experts via live chats and video calls to receive product advice, images, and live demonstrations.

Buy the Full Report for More Market Segment Insights into the Switzerland Cards and Payments Market
Download a Free Sample Report

Switzerland Cards and Payments Market - Competitive Landscape

A few of the leading players in the Switzerland cards and payments market are:

  • Apple Pay
  • Klarna
  • Visa
  • Migros Bank
  • UBS

Klarna: It is a Swedish online payment services provider that offers both immediate and buy now pay later options for ecommerce purchases. Customers can pay in 30 days after receiving the product. In June 2021, Klarna introduced its shopping app in Switzerland, allowing customers to buy products and make payments at a later date via the app.

Leading Switzerland Cards and Payments Players
Leading Switzerland Cards and Payments Players
Buy the Full Report to Know More about the Leading Switzerland Cards and Payments Companies Download a Free Sample Report

Switzerland Cards and Payments Market – Latest Developments

  • In July 2020, challenger bank YAPEAL launched its services in Switzerland. The bank offers a Swiss bank account along with a Visa debit card. In August 2021, it also launched the youth banking service Yapini for children aged seven and above.
  • In March 2022, Swiss fintech Kaspar& launched in Switzerland, offering a free bank account along with a Mastercard-branded card.

Segments Covered in the Report

Switzerland Cards and Payments Instruments Outlook (Value, $ Billion, 2019-2027)

  • Cash
  • Mobile Wallets
  • Credit transfers
  • Cards
  • Direct debits
  • Cheques

Switzerland Cards and Payments Market Segments Outlook (Value, $ Billion, 2019-2027)

  • Card-Based Payments
  • Ecommerce Payments
  • Alternative Payments

Scope

This report provides:

  • Current and forecast values for each market in the Switzerland cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments, including cards, credit transfers, cheques, and direct debits. It also includes an overview of the country’s key alternative payment instruments.
  • E-commerce market analysis.
  • Analysis of various market drivers and regulations governing the Switzerland cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Switzerland cards and payments industry.

Reasons to Buy

  • Make strategic business decisions, using top-level historical and forecast market data, related to the Switzerland cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Switzerland cards and payments industry.
  • Assess the competitive dynamics in the Switzerland cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Switzerland.
  • Gain insights into key regulations governing the Switzerland cards and payments industry.

UBS
Viseca
Corner Bank
PostFinance
Credit Suisse
Raiffeisen Bank
Viseca
Migros Bank
Bank Cler
Diners Club
Mastercard
Visa
American Express.

Table of Contents

Market Overview

Payment Instruments

Card-Based Payments

Ecommerce Payments

Alternative Payments

Payment Innovations

Job Analysis

Payment Infrastructure and Regulation

Appendix

Frequently asked questions

Switzerland Cards and Payments – Opportunities and Risks to 2027 thematic reports
Currency USD
$2,750

Can be used by individual purchaser only

$8,250

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Switzerland Cards and Payments – Opportunities and Risks to 2027 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Payments reports
Financial Services
New
Augmented Reality (AR) in Banking - Thematic Intelligence
$995 | March 2024
Financial Services
New
Belgium Cards and Payments - Opportunities and Risks to 2028
$2,750 | March 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Switzerland Cards and Payments – Opportunities and Risks to 2027 in real time.

  • Access a live Switzerland Cards and Payments – Opportunities and Risks to 2027 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.