Swiss Central Bank Explores Link To Eurozone Instant Payment System

(MENAFN- Swissinfo) The Swiss National Bank (SNB) and the European Central Bank (ECB) are examining the possibility of linking the instant payment systems of the two areas. This content was published on September 29, 2025 - 12:23 2 minutes Keystone-SDA

• Italiano it BNS: pagamenti istantanei, all'esame collegamento con Eurozona Original Read more: BNS: pagamenti istantanei, all'esame collegamento con Eurozon

+Get the most important news from Switzerland in your inbox

The two entities have started an exploratory phase to connect the IP service and the SIC system with the Eurosystem's TARGET Instant Payment Settlement (TIPS) service, the SNB indicated on Monday. The aim is to ascertain the feasibility and economic viability of such an approach. This phase will last until 2026.

Instant payments give individuals and companies the opportunity to carry out domestic account-to-account transactions, which are executed immediately and settled in a matter of seconds, 24 hours a day, every day of the week, including public holidays. The shorter settlement chains and ready availability of funds reduce risks and offer significant advantages to individuals, businesses and commercial banks.

A link between the two systems would allow the execution of instant cross-currency payments, thus enabling payments from one currency area to be credited to an account in the other currency area within seconds, the SNB explains.“The initiative contributes to the overall goal of making cross-border payments faster, more convenient, transparent and accessible,” the bank concludes.

Adapted from Italian by DeepL/jdp

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at ... .

External Content Related Stories Popular Stories More Agribusiness US consumers will pay price for tariff hike, warns top Swiss trader Read more: US consumers will pay price for tariff hike, warns top Swiss trade

MENAFN29092025000210011054ID1110126050