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Distribution of preferred payment methods in Switzerland from 2018 and 2020

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Source

Release date

August 2020

Region

Switzerland

Survey time period

July 2020

Number of respondents

1,011 respondents

Special properties

Consumers

Method of interview

Online survey

Supplementary notes

The survey respondents were from across all regions in Switzerland and were representative of the Swiss population. The source did not provide information on the age of the respondents.

The figures have been taken from several publications.

Citation formats

Most popular payment methods in Switzerland 2018-2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 14, 2020
Debit cards overtook physical money as the most preferred payment method of Swiss consumers in 2019. During that year, just under ** percent of survey respondents said they preferred to use debit cards, such as EC cards or Maestro or V-Pay, for in-store payments. Although this was a moderate increase compared to the previous year, they became more popular than coins and banknotes in the country. Mobile payments, such as Apple Pay, were much less preferred in Switzerland. However, when compared to 2018 results, the number of people who chose them as their favorite payment method doubled.
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