Swiss payment app use stalls, cash remains popular

A Swiss National Bank survey reveals that mobile payment app usage stagnated in Switzerland last year, with cash retaining its popularity for everyday purchases. The study highlights a strong preference among respondents for continuing to use cash, with only a small fraction expressing a desire to abolish it. While debit cards remain the most utilized payment method, cash held its ground, indicating a slower-than-expected shift towards digital transactions for in-person activities.