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Mobile phones are becoming increasingly important for paying: Twint is supplanting the need for fifty

The five-franc in the bag, a nötli in your wallet, that’s how you get through life! This saying of the generation of grandparents is becoming less and less important. The love for cash is waning in Switzerland, as the representative study of payment methods 2022 by the comparison service Moneyland.ch shows.

The number of Swiss people for whom cash is absolutely indispensable is getting smaller and smaller. Specifically: Last year it shrank from 34 to 30 percent. 67 percent of the 1,500 respondents stated that they would rather not or not at all be able to do without cash.

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