Needless to say, we’re in the progress of a transition stage and this means merchants need to pick the right moment to incorporate mobile payments into their business.ĮMPSA’s remit includes planning the interoperability of the mobile payment systems across national borders. In some markets, cash is already rapidly slowly as a means of payment, but many nations are slower to make the mobile switch for a number of reasons. Mobile payments are the future as we move towards a cashless world. The EMPSA will hold its headquarters in Zurich, Switzerland, the association will be chaired by the Chairman of the TWINT Board of Directors, Søren Mose.Īccording to Allied Market Research, global mobile payment transactions will be worth more than £3.5 trillion by 2023, following growth of 33.8% CAGR between 2017-2023. Read more about Swish at or contact your bank.Seven independent mobile payment systems in Europe have come together to form the European Mobile Payment Systems Association (EMPSA). Swish works between Danske Bank, Forex Bank, Handelsbanken, ICA Banken, Länsförsäkringar, Marginalen, Nordea, SEB, Skandia, Sparbanken Syd, Svea, Swedbank, Sparbankerna and Ålandsbanken. You can always be sure of whom you are making a payment to since the recipient’s name will be shown before you authorize the payment with Mobile BankID. Once you have finished those steps your bank account is connected to your mobile phone number and you can begin sending and receiving money easily using your mobile phone. Then register for Swish through your online banking service. Get started with Swish by downloading the Swish app and Mobilt BankID to your mobile phone.

You can also scan a QR code in order to initiate a payment. The money is sent directly into the recipient’s account, no matter which one of the participant banks they have.

You can also pay with Swish when shopping online or in mobile apps from companies offering Swish as a payment option. It’s perfect for splitting a check at a restaurant, paying for a bargain at a flea market or for sending a gift to charity. Swish allows you to send money to friends, companies and organizations using your mobile phone.

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