Cashless payments remain the preferred option for most Swiss in everyday life. Nevertheless, most people do not want to do without cash, according to the latest survey on payment methods conducted by the Swiss National Bank (SNB). +Get the most important news from Switzerland in your inbox "The debit card remains the most frequently used means of payment, followed by cash and payment apps," the SNB wrote in its report published on Monday. "A large proportion of the population that carries cash has both debit cards and credit cards and uses payment apps." These payment methods are used differently depending on the payment situation and purpose. "Despite the variety of cashless payment methods, cash continues to be used regularly." It can be observed that high earners and younger people are much less likely to pay in cash. In fact, according to the SNB, the choice of payment method varies greatly depending on "socio-demographic" characteristics. Cash is mainly used when people go ...
