The Cashless Future in Switzerland
Are Small Businesses Ready? Reading Time: 5 Min. Publication: March 31, 2026, Jessy Thür Switzerland has traditionally been considered a cash-based society, but this reality is changing rapidly. While coins and banknotes dominated just a few years ago, there is now a clear trend toward digital payment methods. For small and medium-sized enterprises (SMEs), this raises a key question: Are they ready for an increasingly cashless future? A look at current figures illustrates the shift. As recently as 2017, over 70% of all transactions were conducted in cash. By 2025, however, cash accounted for around 30% of in-person transactions, while cards and digital payment solutions had clearly overtaken cash. At the same time, the use of mobile payments is steadily increasing, for example through apps like Apple Pay or Twint , which enable fast and contactless payments. Between Progress and Tradition Despite this trend, Switzerland is far ...