Swish is a popular payment method in Sweden. It is a mobile application that enables users to make instant financial transactions from their smartphones. Swish was launched in 2012 by a consortium of six major Swedish banks.
To use Swish, you first need to download the app and associate it with your Swedish mobile phone number. The app is available for both iOS and Android operating systems. Once installed, you need to link your Swedish bank account to the app by providing the required details.
Once your bank account is linked to Swish, you can make payments by using the recipient’s mobile phone number. You can also request money from other Swish users by specifying the desired amount.
Swish is commonly used for person-to-person transactions, but it is also accepted by many merchants in Sweden. You can pay for your purchases at physical stores by scanning a QR code displayed on the merchant’s payment terminal. Additionally, some online merchants offer Swish as a payment option during the checkout process.
Transactions made with Swish are typically fast, secure, and free for individual users. Funds are transferred instantly between users’ accounts, making it a convenient payment method for everyday transactions.