European Payment Cards Yearbook

Switzerland - Summary

 

Price: £75.00
Purchase Switzerland Profile

Market Overview

  
Payment Organizations SIX Group, Aduno/Viseca Group
   
Domestic Card Brands PostFinance CardDirect debit cards, also co-badged Plus
e-purse CASH function, separated from Maestro since 2010
   
Market Structure

Card issuing and acquiring have been liberalized in recent years.
Swiss banks mainly issue Maestro debit cards; PostFinance, the banking arm of Swiss Post, issues CardDirect debit cards.

Debit card use remains high, credit card market is increasing.

Two ATM networks, three POS networks - SIX is leading processor.

   
Major Issuers

UBS, Crˇdit Suisse, Swisscard AECS, Viseca, Corn¸r Banca, PostFinance and GE Money Bank.

   
Major Acquirers SIX Multipay, PostFinance, Aduno, Swicsscard.
   
Consumer Finance Consumer credit is tightly-regulated. A revised Consumer Credit Act came into force in 2003. Maximum interest rate of 15% for consumer loans.
   

Key Statistics 2010

  
Population 7.870 million
Cards Debit: 8.2 million
Credit/charge: 5.1 million
Total: 13.4 million

 

 

 

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