Harmonization of Swiss payments

The harmonization of payment traffic is a joint project by the Swiss financial center. Future-proof foundations are put in place to make payments processing even simpler and more economical by adapting to the international ISO 20022 standard.

Synergies in the value creation chain will be sustainably exploited between payment service providers, financial institutions and consumers. All players involved shall profit, along with the Swiss economy as a whole.

The changes in Switzerland's payment traffic shall be completed by 2020 at the latest.