SWISH

Easy, fast and secure

In 2012, a cooperation between six of the biggest banks in Sweden led to the launching of a new mobile app, Swish, that offered easy and fast transfers between different persons’ bank accounts. Soon after, the app was developed further to allow merchants to receive payments from their customers.

The Swish app has been a huge success in Sweden. All that is needed to be able to use the app is a smartphone and a mobile banking identification, which the customers can obtain from their online bank portal.

More than 67,5 million Swedes use the app and the number keeps growing. When putting this in relation to a population of 10 million Swedes it becomes more evident how popular this payment method really is. More than 50 million payments are completed via the Swish app every month.

Swish offers a high level of security with no risk of fraud or default, real-time confirmation of payment authorization and possibility of immediate shipping of goods.

Merchant Advantages

  • Provides a real-time online payment method convenient to consumers with no risk and low risk of returns for the merchant
  • Offers a local trusted payment solution that is provided by all major banks in Sweden, and helps increase sales
  • Once a payment has been initiated, it cannot be reversed by the bank
  • Consumers are automatically enrolled and do not need to register. They simply provide their mobile number at checkout, login to the Swish app on their phone and authenticate/approve the payment

Customer Advantages

  • Customers are automatically enrolled and do not need to register
  • High customer trust as payment is authenticated by using their unique BankID
  • Convenient, reliable, and secure transaction process
  • No credit or debit card needed

Let’s Expand Your Global Footprint and Optimize Local Sales. 

Email our Sales team today at onecommerce@worldline.com.